Air New Zealand has downgraded its profit guidance because of softening demand, prompting the airline to launch a wide-ranging review of its business. The carrier now projects it will report a pre-tax profit of NZ$340-NZ$400 million ($233-$274 million) for the full fiscal year through June 30. This is down from its previous forecast in August of a pre-tax underlying profit of NZ$425-NZ$525 million. “We are concerned with our latest outlook, which reflects the softer revenue growth ...

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