Air NZ says lockdowns are hitting its financial performance

Fri, 17 Sep 2021

Air New Zealand said the country’s lockdowns are hitting its short-term financial performance and it is drawing down more government money to keep in the air.The company suspended earnings guidance at the end of August due to the ongoing uncertainty, but Friday said the monthly impact of nationwide level three or four travel restrictions is approximately $45 million to $55m, including the benefit of any wage subsidies received.The monthly impact of an Auckland-only level three or four travel restriction, with the rest of NZ operating at l...

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