The carrier, which recorded a NZ$59 million loss for the first half, had predicted second-half earnings “broadly in line with, or modestly below the first half”; however, “extreme volatility” in fuel prices has led it to suspend that guidance.
The 70 kilometre rail trail will cost an additional $31.5 million, making the cost of this rail trail around $51.2 million, plus annual maintenance of around $2.048 million.
