Air New Zealand forecasts a full-year pre-tax loss of $340 to $390 million due to soaring jet fuel costs, citing a sharp increase from $85–$90 to $160–$230 per barrel, and is implementing accelerated cost-cutting and fleet recovery measures to mitigate impact.
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expected full-year loss of $340–$390m
Air New Zealand expecting full-year loss of nearly $400m due to jet fuel costsSpotted something wrong on this page? Report a correction.