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 […]
“It s all been extremely hard,” Morrall said.
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Air New Zealand has been using its 787-9 to service long-haul routes. She booked the flights hoping to reunite with family and hold a service for her mother. “Part of me knew it was a bit of a gamble booking that far out.” She said she felt as though the pandemic had been improving as vaccinations rates increased, and had her name down to be vaccinated, ideally before her planned trip. She was considering flying an alternative route and may return to Canada for several months to spend time with her father.
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By Alfred Chua2021-06-18T03:10:00+01:00
Air New Zealand will delay taking delivery of more Boeing 787s for at least a year, as the carrier expects to plunge deeper into the red for its full-year financial results.
In a profit guidance issued on 18 June, the carrier expects full-year, pre-tax losses before signfiicant items to be not more than NZ$450 million ($315 million) - the carrier’s 2021 financial year ends on 30 June. This compares to the NZ$87 million loss it made in the previous year its first loss in 18 years.
Source: Wikimedia Commons
It also expects a dismal 2022 financial year, with losses on par with 2021.