AIZ News: Air New Zealand heading for worst annual result since 2001 after tripling H1 loss - 24th Feb 2022, 7:29am

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(Reuters) -Air New Zealand Ltd on Thursday flagged it was heading for the worst annual loss since 2001 due to a combination of an Auckland lockdown, expiring government relief schemes, rising fuel prices and an ongoing international border closure.

As other airlines globally recover from the worst of the pandemic, Air New Zealand forecast it would report an annual underlying loss before tax and significant items of more than NZ$800 million ($541 million) in the financial year ending June 30, ar...

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