Air NZ is upbeat despite a statutory loss before taxation of NZ$810 million for the FY22 year.
The airline’s loss before other significant items and taxation was NZ$725 million which is consistent with guidance provided to the market in June.
Although the financial year ended strongly following the phased reopening of New Zealand’s borders in March, the airline’s operating revenue of NZ$2.7 billion was significantly impacted by pandemic-related travel restrictions.
Cargo and domestic revenues helped lift overall revenue by 9 per cent, however, high fuel prices and reduced flying over much of the year resulted in a loss for the read more ⇒
Source:: AirlineRatings.Com