Air NZ sees underlying loss of up to $120m

Paul McBeth
Thu, 18 Jun 2020

Paul McBeth
Thu, 18 Jun 2020
Air New Zealand expects to report an underlying loss of up to $120 million in the June year due to the covid-19 pandemic, and that’s before one-off hits of up to $624 million. The national carrier said it expects to report a pre-tax loss before significant items of up to $120 million in the year ending June 30, compared to a pre-tax profit of $374 million in the June 2019 year. The forecast includes fluctuations in currency values and fuel prices.  “The New Zealand government’s recent move to alert level 1 has enabled the airline to slowl...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

MARKET OPEN: Kiwi slumps as traders lose their nerve
Paul McBeth | Tue, 22 Sep 2020

The New Zealand dollar dropped more than 1 US cent as traders dumped risk-sensitive assets amid renewed fears about the economic impact of the covid-19 pandemic.The kiwi dropped to 66.66 US cents at 8am in Wellington from 67.71 cents at 5pm yesterday, joining an extended selloff...

Entitled or unethical? Big business and the wage subsidy
Rebecca Stevenson | Tue, 22 Sep 2020

Should a profitable company pay back the wage subsidy?

Listed Companies
DAN BRUNSKILL: Serko has nothing but time
Dan Brunskill | Tue, 22 Sep 2020

How does a travel software firm crack the top 50 stocks when international borders are closed?

Partner Content
The whole story behind good investment decisions

If there was ever a time when strong financial metrics were the single trademark of a good company, that time has long passed. Responsible investors need to know beyond the profit a company will generate this year or next.

Canon Business: Premium solutions for Commercial Bay

Precinct Properties is the largest owner and developer of premium inner-city business space in Auckland and Wellington, its latest flagship success is the transformational Commercial Bay on Auckland's waterfront. Canon knew that for such a high-calibre client, only a premium bespoke purpose-built solution would suffice when it came to providing market-leading print, mail and courier services to over 10,000 tenants in the development.