Air New Zealand revenue tumbles, airline posts $72m half-year loss

The enormous financial impact of Covid-19 continues to be felt by Air New Zealand, with the company reporting a net loss of $72 million for the six months ended December, RNZ reports. Air NZ’s revenue plummeted 59 percent to $1.2 billion with the network flying down by 65 percent. Nevertheless, Chief Executive Greg Foran is still proud of what Air New Zealand has achieved amid the global pandemic. The airline also reported domestic tourism demand was strong and it had seen the return of business demand.