Air New Zealand (ASX:AIZ) expects $120M loss for FY20

18Jun

Air New Zealand (ASX:AIZ) expects $120M loss for FY20

 

Air New Zealand (ASX:AIZ) expects an underlying loss of around $120 million (before tax) for the 2020 financial year.

The company previously suspended earnings guidance for the fiscal year due to the significant uncertainty surrounding the duration, scale and impact of the Covid-19 pandemic.

The New Zealand Government’s recent move to ease restrictions to Alert Level 1 has enabled the airline to slowly restart its domestic network and get a better picture of its financial situation.

Shares in Air New Zealand (ASX:AIZ) are trading x per cent high/lower at $x.xx.
 
Copyright 2020 – Finance News Network


Source: Finance News Network

Share this post

Related Posts

05Sep

Stocks of the Hour: Surefire Resources, Nova Minerals, Iltani Resources

05 Sep 2024 - A snapshot of the stocks on the move, featuring Surefire Resources (ASX:SRN), Nova Minerals (ASX:NVA) and Iltani Resources (ASX:ILT).

Read More
10Oct

Netwealth (ASX:NWL) see their quarter FUA grow $2 billion

10 Oct 2019 - Netwealth (ASX:NWL) released their results for the quarter showing its Funds Under Administration (FUA) grew $2 billion of 8.5 per cent quarter on quarter to $25.3 billion.

Read More
06Feb

Stocks of the Hour: Janison Education Group, Titan Minerals, Recce Pharmaceuticals

06 Feb 2024 - A snapshot of the stocks on the move, featuring Janison Education Group (ASX:JAN), Titan Minerals (ASX:TTM) and Recce Pharmaceuticals (ASX:RCE).

Read More
09Dec

Stocks of the Hour: Seven West Media, Sydney Airport, Cleanaway Waste Management

09 Dec 2021 - A snapshot of the stocks on the move featuring Seven West Media (ASX:SWM), Sydney Airport (ASX:SYD), and Cleanaway Waste Management (ASX:CWY).

Read More
31Mar

SG Fleet Group Limited (ASX:SGF) to acquire LeasePlan for $273m

31 Mar 2021 - SG Fleet Group Limited (ASX:SGF) has entered into an agreement to acquire the Australian and New Zealand businesses of LeasePlan for a cash consideration of $273 million and a 13 per cent equity interest in SG Fleet.

Read More
11May

Stocks of the Hour: Macquarie Group, News Corp & Goodman Group

07 May 2021 - A recap of the companies grabbing headlines in the morning session, featuring Macquarie Group, News Corp & Goodman Group.

Read More
23Aug

Stocks of the Hour: American West Metals, Culpeo Minerals, Strike Energy, Warrego Energy

23 Aug 2022 - A snapshot of the stocks on the move featuring American West Metals (ASX:AW1), Culpeo Minerals (ASX:CPO), Strike Energy (ASX:STX), Warrego Energy (ASX:WGO).

Read More
09Jul

Netwealth (ASX:NWL) grows FUA by 35%

09 Jul 2020 - Netwealth (ASX:NWL) grew its funds under management (FUA) by 35 per cent over the 2020 financial year, an increase of $8.2 billion to $31.5 billion.

Read More
19Sep

Stocks of the Hour: Iress, Cimic & Medibank

17 Sep 2021 - A snapshot of stocks on the move, featuring Iress (ASX:IRE), Cimic (ASX:CIM) & Medibank (ASX:MPL).

Read More
09Dec

Fortescue Metals Group (ASX:FMG) celebrates first ore at Eliwana Mine

09 Dec 2020 - Fortescue Metals Group (ASX:FMG) are celebrating a significant milestone in the development of its iron ore operations in the Pilbara, as the first ore comes through the Eliwana mine and rail project in the Western Hub.

Read More