Air New Zealand expects annual underlying loss to be less than $479 million

2022.06.10 00:11

FILE PHOTO: The logo for Air New Zealand is displayed at their office located at Sydney International Airport, Australia, June 20, 2017. REUTERS/David Gray

(Reuters) – Air New Zealand Ltd said on Friday it now expects loss before tax and significant items to be less than NZ$750 million ($478.73 million) for fiscal 2022, compared to a prior forecast of less than NZ$800 million.

The airline continues to see strong passenger booking activity on short haul and international services following the opening of New Zealand’s border, it said.

($1 = 1.5667 New Zealand dollars)

Source