Air New Zealand Cuts Full-Year Loss Forecast For a Second Time

DALLAS – Air New Zealand (NZ) has cut its full-year loss forecast for a second time. This comes after demand for travel to the country increased following the reopening of the country’s borders.

The carrier expects to report a loss of less than NZ$750 million (US$480 million) after tax. This compares to an earlier loss forecast of over NZ$800 million announced in February.

NZ took delivery of its first Airbus A321neo in November 2018. Photo: Airbus.

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Source:: “Airways Magazine”

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