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Air NZ successfully navigates COVID turbulence with NZ$440 million loss

Air NZ is navigating the COVID turbulence with a NZ$440 million (US$306.6m) loss for FY21 ending June 30 a significant improvement on the prior year.

Statutory losses before taxation, which include a NZ$29 million gain from other significant items, were NZ$411 million, compared to a loss of NZ$628 million last year.

The airline said that the financial result benefited from approximately NZ$450 million of Government assistance including airfreight support schemes as well as further subsidies and initiatives that are not expected to be repeated to the same extent in the 2022 financial year.

Ongoing border restrictions saw operating revenue decline by 48 percent read more ⇒

Source:: AirlineRatings.Com

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