Subscribe today - find out more
Why you should consider BusinessDesk
CORONAVIRUS

The vaccine tracker: how NZ's rollout is progressing. By Andy Fyers

See details.
Markets

Freight subsidies keep Air NZ loss under half a billion dollars

Pattrick Smellie
Thu, 26 Aug 2021

Domestic leisure travel and subsidised international cargo revenues are bright spots for Air NZ. (Image: BusinessDesk)
Pattrick Smellie
Thu, 26 Aug 2021
RELATED
Air New Zealand made a trading loss of $440 million in the financial year to June 30, with freight subsidies from the NZ and Australian governments worth $333m contributing materially to the loss not climbing closer to $1 billion.Wage and air navigation fee subsidies, along with relief on passenger biosecurity levies contributed another $115m in a result that showed the first full year of the impact of covid-19 on the national carrier’s performance.The loss before the inclusion of significant items and tax compared with an $87m loss in th...

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

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Sport
Why US private equity still sees a silver lining in the All Blacks
Trevor McKewen | Sat, 16 Oct 2021

 Silver Lake has been battered from pillar to post in the great Kiwi rugby debate. So, why is it not giving up?

On the Money
On the Money: John Key, car boss's big bonus, Chris Meehan, and more
Rebecca Stevenson | Sat, 16 Oct 2021

OTM this week: who is the go-to lawyer for high net worth New Zealanders, can this listed company boss rev up his firm, which tech exec is living la vida normal, and more.

Opinion
Has Rob Everett thrown a hospital pass?
Brian Gaynor | Sat, 16 Oct 2021

Samantha Barrass, Rob Everett’s successor at the FMA, may have a baptism of fire.

Sponsored
Let's not lose sight of the wood for the trees

As much generation will need to be built in the next 14 years as has been built in the last 40+ years for Aotearoa to meet its commitment of achieving net zero emissions by 2050.

Sponsored
Getting the health and safety of remote workers right

With many staff working alone or in isolated situations, workplace health and safety is an operational priority. Here is how your business can protect remote workers.

© Content Ltd 2021.