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Air New Zealand has reported a significant 61% decline in its annual earnings, primarily due to increased competition and inflationary pressures that have affected travel demand both domestically and in North America. The airline's pre-tax earnings were recorded at NZ$222 million. The challenging economic environment has resulted in decreased profitability as the airline navigates through intense market conditions.
🔵 AIR NEW ZEALAND'S ANNUAL PROFIT FALLS 61% Full Story → https://t.co/9KEgoTNlaO Air New Zealand posted a 61% drop in its annual earnings on Thursday, hurt by high inflationary pressure which is impacting travel demand in its domestic as well as in the North American market.
🇳🇿AIR NEW ZEALAND SEES 61% DROP IN ANNUAL EARNINGS Air New Zealand reported a 61% decline in annual earnings due to intense competition and inflation pressures impacting travel demand both domestically and in North America. The airline posted pre-tax earnings of NZ$222 million,… https://t.co/G2V7tppO82
Air New Zealand annual earnings fall 61% amid US competition, inflation https://t.co/VFqJbDNxeG https://t.co/2Z5M0O7HoE
