The S&P/NZX 50 Indea closed at 13,025.07, down 37.99 points or 0.29%.

Air New Zealand said it was looking at cost-cutting and reviewing capital expenditure plans.

The airline now says it will lose at least $340m before tax this financial year.

The S&P/NZX 50 Indea closed at 13,025.07, down 37.99 points or 0.29%.

How many more rounds can Air NZ go?