Air New Zealand reports USD200m net loss in FY2021

26 August, 2021

Air New Zealand reported (26-Aug-2021) the following financial highlights for the 12 months ended 30-Jun-2021:

  • Operating revenue: NZD2517 million (USD1.8 billion), -48.0% year-on-year;
    • Passenger: NZD1470 million (USD1.0 billion), -62.7%;
    • Cargo: NZD769 million (USD533.8 million), +71.3%;
    • Contract services: NZD161 million (USD111.8 million), -25.5%;
  • Operating costs: NZD2178 million (USD1.5 billion), -46.2%;
    • Labour: NZD830 million (USD576.2 million), -30.7%;
    • Fuel: NZD311 million (USD215.9 million), -69.6%;
  • Operating profit before finance costs, associates and tax (loss): (NZD377 million) (USD261.7 million), compared to a loss of NZD57 million in p-c-p;
  • Net profit (loss): (NZD289 million) (USD200.6 million), compared to a loss of NZD454 million in p-c-p;
  • Yield: NZD 24.9 cents (USD 17.29 cents), +87.2%;
  • Revenue per ASK: NZD 14.3 cents (USD 9.93 cents), +32.4%;
    • Domestic: NZD 21.7 cents (USD 15.06 cents), -8.1%;
    • Tasman and Pacific Islands: NZD 6.4 cents (USD 4.44 cents), -31.9%;
    • International: NZD 5.3 cents (USD 3.68 cents), -34.6%;
  • Cost per ASK: NZD 12.5 cents (USD 8.68 cents), +11.6%;
  • Total assets: NZD6694 million (USD4.7 billion);
    • Bank and short term deposits: NZD266 million (USD184.7 million);
  • Total liabilities: NZD5589 million (USD3.9 billion). [more - original PR]

*Based on the average conversion rate at NZD1 = USD0.69419