The airline is on course for a pre-tax loss in the current six months, and faces a potential drop in profit of half a billion-dollars next year.
Factoring in a weak fourth quarter demand, Craigs Investment Partners has reduced its profit forecast to 116-million-dollars for the full year.
It's also lowered next year's full year profit forecast from 141-million-dollars, to just 82-million.
The airline will announce its 2024 results at the end of the month.
