27 Aug 2020

Air New Zealand posts after tax lost of $454 million for the year ended June.

From Nine To Noon, 9:45 am on 27 August 2020

The airline has posted an after tax loss of $454 million for the year ended June. It comes after the airline was was all but grounded by Covid-19. Much of the loss was because of write downs in the value of planes, and restructuring costs as it cut costs and sacked about 4,000 staff. Business Editor Gyles Beckford joins Kathryn to discuss the results. 

Air New Zealand planes

Photo: RNZ / Nate McKinnon