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Air New Zealand expects annual underlying loss to be less than $479 million -Breaking

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© Reuters. FILE PHOTO – The Air New Zealand logo is on display at the Sydney International Airport office, Australia. June 20, 2017. REUTERS/David Gray

(Reuters) – Air New Zealand Ltd stated on Friday that it expects a loss before tax of NZ$750million ($478.73million) in fiscal 2022. This is compared with a previous forecast of NZ$800 million.

It stated that the airline still sees strong passenger bookings for international and short-haul services after New Zealand’s opening.

($1 = 1.5667 New Zealand dollar)

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