Airways New Zealand reports annual net loss

Airways New Zealand has reported a net loss of $35.5 after taxes in its annual results for the year ending June 30, 2022. The Group anticipated this loss due to extensive travel restrictions that remained for the majority of the year. Air navigation services revenue was $121.6 million, lower than the budgeted $156.5 million. Airways International Limited (AIL) performed well in the difficult operating environment, successfully delivering work remotely while borders remained closed. AIL has delivered a Net Profit After Tax of $4.4 million, ahead of the budget of $4.3 million. Airways Board Chair Denise Church said: “Through the second