Air New Zealand's profit is forecast to tumble when it announces its result for the last six months. The airline wil announce its profit for the six months to December 31 tomorrow morning. Bowley said while Air New Zealand had a better record than most of international peers, the airline industry generated volatile returns. "The markets focus is likely to be concentrated on how Air New Zealand is dealing with increased services to New Zealand by other airlines,'' said Solly. The airline forecast in October that first-half earnings may fall as much as 13 per cent as competition drove down international air fares.

Source: New Zealand Herald February 22, 2017 02:48 UTC