Air New Zealand raises its full-year profit forecast to $580 million

Air New Zealand has lifted its profit guidance for the financial year ending June 30, 2023, six times in just over six months citing strong demand for travel and weaker jet fuel prices. In a statement to the New Zealand stock exchange, the airline said it expects profit before tax and one-time items of at least $580 million in the year to the end of June a turnaround from a pre-tax loss of $725m in FY22. The latest guidance is ahead of the airline’s April forecast for profit of $510m to $560m, and its initial February forecast of $450m to $530m. “Since