The airline forecast another loss this fiscal year as it reported an underlying pretax loss of NZ$87 million in the 12 months ended June 30, compared with a NZ$387 million profit a year earlier.
SYDNEY: Air New Zealand Ltd plans to draw on a NZ$900 million ($596.34 million) government loan within days to help it weather the coronavirus pandemic after on Thursday reporting its first annual loss in almost two decades.
The airline forecast another loss this fiscal year as it reported an underlying pretax loss of NZ$87 million in the 12 months ended June 30, compared with a NZ$387 million profit a year earlier.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
