Air NZ shares drop on fall in demand

Victoria
By Victoria December 12, 2011 17:06

Air NZ shares drop on fall in demand

Air New Zealand shares have fallen to their lowest level since mid 2009 as travel demand falls in step with the worsening global economic situation.
The stock fell as low as 91 cents today, bringing its decline this year to 39%. Air NZ posted a loss of $37 million in its second half ended June 30, when flights were disrupted by earthquakes.

Victoria
By Victoria December 12, 2011 17:06
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