Dire Air NZ result worse without govt support

Fri, 28 Aug 2020

Air New Zealand’s result may have been better than it expected but it was shored up by government support that doesn’t even include the $900 million loan facility. The company reported a loss before significant items and tax of $87 million for the year to June 30, compared to earnings of $387 million the year before. In June, it said it was expecting to report an underlying loss of up to $120 million. The pre-tax loss, including $541 million of other significant items, was $628 million, compared to earnings of $382 million last year. T...

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