Air New Zealand (ASX:AIZ) expects $120M loss for FY20

Company News

by Katrina Bullock

Air New Zealand (ASX:AIZ) expects an underlying loss of around $120 million (before tax) for the 2020 financial year.

The company previously suspended earnings guidance for the fiscal year due to the significant uncertainty surrounding the duration, scale and impact of the Covid-19 pandemic.

The New Zealand Government’s recent move to ease restrictions to Alert Level 1 has enabled the airline to slowly restart its domestic network and get a better picture of its financial situation.

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Katrina Bullock

Finance News Network
Katrina is a respected TV journalist, as well as a renowned presenter and award winning lawyer. She holds a Bachelor of Laws (Honours 1st class, division 1), a Bachelor of Business (with Distinction) and is currently undertaking a PhD in Law focused on stock exchange disclosures and corporate governance. She began her career as a corporate lawyer in an Australian top tier commercial law firm and is currently the General Counsel of Greenpeace Australia Pacific. In 2020 Katrina was named one of the 30 best lawyers in Australia under 30 by Lawyer's Weekly.