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An Air New Zealand 787 landing at Houston IAH (Photo: AirlineGeeks | Mateen Kontoravdis)

Air New Zealand to Cut Growth, Defers Aircraft Orders

After launching a review of operations in January, Air New Zealand has announced that it will be reducing its growth targets and deferring delivery of future aircraft. The decision comes after the carrier reduced its pre-tax earnings guidance from between NZ$425 million ($288 million USD) and NZ$525 million ($356 million USD) to between NZ$340 million ($240 million USD) and NZ$400 million ($271 million USD). Additionally, the carrier also reported a 34.5 percent fall in profit for the first half of…