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Air New Zealand predicts deeper loss due to Aussie COVID lockdowns

Air New Zealand has predicted a wider pre-tax loss of up to $NZ530m million for the 2022 financial year due to COVID lockdowns in Australia.

The Kiwi carrier had previously predicted that its annual loss before tax and extraordinary items would be no more than $NZ450m — but that was before the New Zealand government announced quarantine-free travel between the two countries would be suspended for eight weeks.

The suspension was a reaction to lockdowns in several cities on Australia’s eastern seaboard due to cases of the delta COVID variant with the nation’s biggest city, Sydney, remaining shut down until at least read more ⇒

Source:: AirlineRatings.Com

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