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Air New Zealand Loses $40m in Six Months
Air New Zealand faces operational challenges and rising costs, with a $59 million loss before tax and a strategic review initiated to restore long-term profitability.
- Air New Zealand posted a bottom-line loss of $40 million for the six months ended December, compared to a profit of $106 million a year earlier.
- Revenue was up just over 1 percent to $3.44 billion, compared to $3.4 billion a year ago.
- Deputy Prime Minister David Seymour has renewed his call for the government to sell its 51 percent stake in Air New Zealand after the airline reported the significant half-year loss.
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12 Articles
12 Articles
'Get woke, go broke': Seymour calls for govt to sell Air NZ shares
Deputy Prime Minister David Seymour. Photo: RNZ Deputy Prime Minister David Seymour has renewed his call for the government to sell its 51 percent stake in Air New Zealand after it reported a significant half-year loss.
·Otago, New Zealand
Read Full ArticleAir New Zealand – Get Woke, Go Broke
Organisations and countries suffer when they focus on the wrong things. ACT has led the charge for the public service to stop focusing on equity at the expense of outcomes. Air NZ appears to be suffering from the same affliction.
·Wellington, New Zealand
Read Full ArticleCoverage Details
Total News Sources12
Leaning Left4Leaning Right0Center3Last UpdatedBias Distribution57% Left
Bias Distribution
- 57% of the sources lean Left
57% Left
L 57%
C 43%
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