Air New Zealand loss $87 millionChristian Fernsby ▼ | August 28, 2020
Air New Zealand is reporting a loss before other significant items and taxation of $87 million for the 2020 financial year, compared to earnings of $387 million in the prior year.
Loss Air New Zealand
Topics: Air New Zealand
Statutory losses before taxation, which include $541 million of other significant items, were $628 million, compared to earnings of $382 million last year.
Non-cash items of $453 million reflected most of the other significant items, including the $338 million aircraft impairment charge related to grounding of the Boeing 777-200ER fleet for the foreseeable future. ■