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21 Sep 2021 16:43
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  •   Home > News > Business

    Air New Zealand's forecasting losses of up to 530-million-dollars next year, thanks to the suspension of the transtasman bubble

    Air New Zealand's forecasting losses of up to 530-million-dollars next year, thanks to the suspension of the transtasman bubble


    Air New Zealand
    Air New Zealand
    The loss is 80-million more than what it anticipated in June.

    Our national carrier is expecting to draw down further on the Crown standby loan facility before the end of this month.

    It's already withdrawn 350-million-dollars from it -- with a total 1.5-billion-dollars available.

    The outbreak of Covid-19's Delta variant in Australia has led to a halt on quarantine-free travel until at least mid-September.

    © 2021 Newstalk ZB, NZCity

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