Air New Zealand Slows Cash Drain After Cost Cuts

Air
Credit: Air New Zealand
AUCKLAND—Air New Zealand has slashed its cash burn by more than half compared to the early stages of the COVID-19 crisis thanks to its cost-cutting efforts, and it expects to reduce this further in the six months through June 30. The carrier reported a net loss of NZ$72 million ($54 million) for its...
Adrian Schofield

Adrian is a senior air transport editor for Aviation Week, based in New Zealand. He covers commercial aviation in the Asia-Pacific region.

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