July 28, 2021

Air New Zealand in the red, but strong recovery in domestic traffic


Air New Zealand (ANZ) announced a pNZ $ 72 million net loan (44 million euros) in the first half of its fiscal year, between July and December 2020.

This loss is to be compared with the net profit of 101 million New Zealand dollars that the airline of which the New Zealand state is the majority shareholder had generated between July and December 2019. Sign of the collapse of its activity, its passenger revenue fell 73% in the first half of its lagged fiscal year, to NZ $ 708 million.

The New Zealand company presented 2020 as its “most difficult year in 80 years of history“And warned that theoptimism was out of place short term. It could plunge even further into the red due to the drop in global air traffic due to the Covid-19 pandemic: “Despite a strong performance on the domestic market and for the cargo activity, the scenarios suggest that we will deplore a significant loss in 2021», She indicated in her half-yearly report.

Air New Zealand clarified that its domestic flights worked at 76% of their capacity before the pandemic, and this due to strong demand from New Zealanders, in an archipelago that has no permanent movement restrictions, because the epidemic is under control there. “The strong recovery in domestic flights is really encouraging because it shows that when people are confident enough to travel, they do.», She observed. “VSThis will have positive implications for our recovery when the borders reopen, with the implementation of vaccination campaigns around the world and in New Zealand.».

Air New Zealand in the red, but strong recovery in domestic traffic 1 Air Journal


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