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Economy

THL expects loss of more than $12 million

Rebecca Stevenson
Wed, 23 Dec 2020

Rebecca Stevenson
Wed, 23 Dec 2020
Tourism Holdings expects domestic demand in New Zealand during the summer period to be weaker than first thought.Based on November and early December trading, domestic demand for late January through to March would be lower than originally anticipated, the company said in a statement on NZX.It said it wasn’t currently possible to provide a credible forecast for the coming financial year, but expected to post a bigger loss than the average predicted by market analysts. The average net loss projection for THL was $12.8 million across Carter...

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