24 Feb 2022

Air NZ braces for full-year loss beyond $800m

From Checkpoint, 5:11 pm on 24 February 2022

Air NZ is bracing for full year losses in excess of $800 million.

Negligible international travel and a 107-day Auckland lockdown meant the national carrier saw pre-tax losses dive to $376 million for the past six months.

It has also burned through $760 million of a government-supplied loan facility.

There are so many zeros it is hard to get your head around, but however you slice it the numbers are pretty nasty.

Air NZ boss Greg Foran talks to Lisa Owen.