You are here

Qantas, Air NZ flag brighter outlook after price war hits profits

They expect the fierce competition to moderate with rivals adjusting capacity downwards


QANTAS Airways Ltd and Air New Zealand Ltd reported first-half profit declines as an expansion in capacity by rivals hit international airfares, but both airlines said they expect the fierce competition to moderate.

Shares in the carriers climbed as Air New Zealand said that...

Market voices on: