Air New Zealand Feels Heat From US Carriers And Cuts Earnings Outlook

As one airline CEO after another reported their excellent results in 2023, there were some wiser ones who also made sure everyone knew that 2023 was as good as it gets for some time. The rare blend of unsatisfied demand, curtailed capacity and high airfares boosted profits after years of losses, but now the outlook has changed, and 2024 is a much tougher place for airlines than a year ago.