Air New Zealand reports USD200m net loss in FY2021

    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).
    We use cookies and other web technologies to collect anonymous data about the usage of this website so that we can better serve your needs. If you'd like more information on this data please see our Privacy Settings. By clicking "I Agree" below, you are agreeing to allow us to collect additional usage data.