2234 GMT - Air New Zealand looks a good bet to achieve the upper end of 1H profit guidance following a solid finish to the period, Macquarie says. Revenue per available seat kilometer, a key performance metric for airlines, rose 0.7% in 1H when currency swings and travel credits are excluded. That reversed a fall in RASK through November. Air New Zealand previously signaled expectations for a 1H pretax profit of NZ$120 million-NZ$160 million. "With a strong December set of operating statistics, we expect Air New Zealand to be at the upper end of this range," Macquarie says. "While 2H has challenges, we see stabilization rather than any further deterioration." (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
February 05, 2025 17:35 ET (22:35 GMT)
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