Air New Zealand forecasts increase in profit margins

Air New Zealand updated its financial forecast predicting an increase in the profit margins by 18% to 47%. The airline predicts its profit to be in the range of $185.8 million to $204.8 million. Air New Zealand has attributed this sudden profit increase to continued strong demand across the domestic and international networks and a decline in jet fuel prices. “The updated range is based on current forward sales expectations and assumes an average jet fuel price of around US$127/bbl for the six months to December 31, 2022. It also assumes we will fly approximately 75% of pre-COVID capacity across the