Shane Solly: Harbour Asset Management spokesperson on Air New Zealand's projected first-half earnings - Heather du Plessis-Allan Drive

Air New Zealand isn't going into the 2025 financial year with rosy expectations. 

The airline expects its first-half pre-tax profit to be in a range of $120 million to $160m, down from $185m in the previous comparable half year.

Harbour Asset Management's Shane Solly unpacked the mood of investors.

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