BUZZ-Air New Zealand falls most in 14 years on weaker earnings guidance

** Shares (Berlin: DI6.BE - news) of Air New Zealand Ltd fall as much as 14.4 pct to NZ$2.80, their biggest intraday pct loss since January 2004

** New Zealand's flag carrier sees much weaker earnings in its 2019 financial year, citing higher costs after problems with some Rolls-Royce engines

** Co expects pretax earnings of between NZ$340 mln and NZ$400 mln ($232 mln to $273 mln) for the year to June 30, against initial guidance of NZ$425 mln to NZ$525 mln

** Stock hits its lowest since Oct (Shenzhen: 000069.SZ - news) . 31, 2018

** More than 430,000 shares change hands within first 15 minutes of trading, below the 30-day average volume of about 570,000

** Stock biggest percentage loser on the benchmark S&P ASX 200 index

** Stock has fallen 2.8 pct in 2018