AirNZ provides update on Tasman impact to earnings and liquidity

On 23 July 2021, the New Zealand Government announced the suspension of trans-Tasman quarantine-free travel for a period of eight weeks. In a market update, Air New Zealand has stated that following an assessment of the impact of this temporary suspension on passenger demand, in conjunction with an expectation that demand on the Tasman may be slower to recover following the re-opening of a travel bubble, the airline has reassessed its 2022 financial year earnings expectations. The airline currently expects losses before other significant items and taxation will not exceed $530 million for the 2022 financial year, assuming a fuel