Air New Zealand forecasts $30m-$55m first half loss

Air New Zealand expects to report a first half pre-tax loss of $30-$55 million because of a subdued economy and several grounded aircraft. In an update, Air NZ said it had earlier anticipated a 2% to 3% uplift in revenue across domestic and US-bound bookings. “This has not materialised to date and is not yet evident in the current forward booking profile, the impact of which is approximately $50m for the half,” it said. “The local economy remains subdued, with...

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Air New Zealand forecasts $30m-$55m first half loss

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