9 Mar 2020

Air New Zealand withdraws earnings guide

From Morning Report, 8:53 am on 9 March 2020

Due to increased uncertainty surrounding the duration and scale of the Covid-19 outbreak, Air New Zealand has just announced it will be withdrawing the full year 2020 earnings guidance it issued to the market on 24 February 2020 and reconfirmed at its interim results announcement on 27 February 2020.

In addition it's new CEO has offered to take a 15 percent pay cut.

Gyles Beckford has the latest.