Richard Thomson, the airline’s chief financial officer, told analysts that while it was expecting “a significant improvement in profitability”, fluctuations in costs led by fuel were making it hard to offer any assurances at this stage.
Air New Zealand recorded a fiscal 2022 loss of NZ$725mil before tax and items, larger than the NZ$444mil loss a year earlier. New Zealand began a gradual reopening of its international border in February in a boost to its national carrier.
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