QUESTION 2:- (a) Air New Zealand Limited (AIR) is the flag carrier airline of New Zealand. AIR operates a global network that provides passenger and cargo services from and within New Zealand. AIR's strategic focus and competitive advantage lie within the Pacific Rim where the airline's network reach extends from New Zealand into Australia, Asia, and the Americas. Below is the Statement of Financial Performance for Air New Zealand for the year ending 30 June 2019. NOTES 2019 SM 2018 SM Operating Revenue Passenger revenue Cargo Contract services Other revenue 4,960 390 197 238 4,696 387 193 219 5,495 1 5,785 Operating Expenditure Labour Fuel Maintenance Aircraft operations Passenger services Sales and marketing Foreign exchange gains/losses) Other expenses (1.294) (987) (352) (634) (295) (344) (19 (1,351) (1.270) (399) (678) (319) (350) 53 (290) (4,605) 1,180 (567) (245) 368 48 2 (278) (4.203) 1292 (525) (227) 540 40 19 Operating Earnings (excluding items below) Depreciation and amortisation Rental and lease expenses Earnings Before Finance Costs, Associates and Taxation Finance income Finance costs Share of earnings of associates (net of taxation) Earnings Before Taxation Taxation expense Net Profit Attributable to Shareholders of Parent Company 11 37 33 3 374 (104) 270 540 (150) 390 As an individual investor, you wish to forecast the financial performance for Air New Zealand for the fiscal year 2020. REQUIRED: Without conducting a detailed analysis, discuss how you will go about forecasting the revenue growth rate for AIR for the year ending 30 June 2020. Your discussion should refer to sources of information you will use for your forecast process. Maximum 300 words. (7 marks)