Macquarie downgraded from Buy to Hold, saying that the promises not to cut service on the Kiwi & US routes (to try to get the ACCC & DoT onside) might slow the profit recovery. Probably took the steam out of the shareprice today.
Positive news from either regulator might turn sentiment around fairly quickly though.
Macquarie downgraded from Buy to Hold, saying that the promises...
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