Air New Zealand earnings hit as COVID-19 evolves
Monday, March 9, 2020 - 10:12
Due to increased uncertainty in the Covid-19 outbreak, Air New Zealand has reduced its capacity across domestic and international routes, including a 26% reduction in Asia. Pacific Islands will experience capacity reductions of 6% through June. The airline's shareholders were told today that the financial impact on earnings will be more significant than previously estimated. The airline has implemented hiring freezes and capital expenditure deferrals.
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