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Air New Zealand says fuel costs will blow out by $240m
The airline now says it will lose at least $340m before tax this financial year.
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rnz.co.nz
Air New Zealand expecting full-year loss of nearly $400m due to jet fuel costs
Air New Zealand said it was looking at cost-cutting and reviewing capital expenditure plans.
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nzherald.co.nz
Air New Zealand says fuel costs will blow out by $240m
The airline now says it will lose at least $340m before tax this financial year.
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Air New Zealand cuts 5% of its flights, jobs could go
International routes will also be cut but the company is still working on which ones, CEO Nikhil Ravishankar says.
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Market close: Sharemarket subdued after Air NZ loss announced
The S&P/NZX 50 Indea closed at 13,025.07, down 37.99 points or 0.29%.
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More flight cuts loom, as fuel crisis bites NZ airlines
Air NZ has announced it will cut another 5% of its flights, but experts warn it won't be the last airline to do so.
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Fuel crunch fallout: Why analysts still think Air NZ can absorb more hits
How many more rounds can Air NZ go?