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.
More than a dozen flights have been impacted by the eruption of Mount Lewotobi Laki-Laki on the nearby island of Flores, which has spewed volcanic ash up to 10,000 metres above its summit.
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.