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Air New Zealand positions itself for success

25 February 2021 Interim highlights Domestic capacity 76 percent of pre-Covid levels, led by robust domestic tourism and the return of business demand during the first half of the 2021 financial year Cargo revenue up 91 percent on the same period last year, supported by the Government’s International Airfreight Capacity scheme (IAFC) Short-term liquidity of just over $700 million as at 23 February 2021, made up of approximately $170 million cash and $550 million undrawn funds on the Government standby loan facility (the Crown facility) Continued cost discipline has resulted in a significant decline in cash burn to an average of $79 million per month from September 2020 through January 2021. For the remaining five months of the financial year, average monthly cash burn is expected to be in the range of $45 million to $55 million

Air New Zealand reports $72m loss in six months to December 31

Air New Zealand reports $72m loss in six months to December 31
nzherald.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nzherald.co.nz Daily Mail and Mail on Sunday newspapers.

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