UPDATE 1-Air New Zealand posts first annual loss in 18 years, forecasts likely 2021 loss – Reuters

FILE PHOTO: An Air New Zealand Boeing Dreamliner 787-9 takes off from Auckland Airport in New Zealand, September 20, 2017. REUTERS/Nigel Marple(Reuters) – Air New Zealand Ltd (AIR.NZ) on Thursday reported its first annual loss since 2002 on aircraft impairment and reorganisation costs due to the COVID-19 pandemic, and forecast a potential loss next year…

UPDATE 1-Air New Zealand posts first annual loss in 18 years, forecasts likely 2021 loss – Reuters

FILE PHOTO: An Air New Zealand Boeing Dreamliner 787-9 takes off from Auckland Airport in New Zealand, September 20, 2017. REUTERS/Nigel Marple(Reuters) – Air New Zealand Ltd (AIR.NZ) on Thursday reported its first annual loss since 2002 on aircraft impairment and reorganisation costs due to the COVID-19 pandemic, and forecast a potential loss next year as air travel demand remains under pressure. Travel restrictions imposed by many countries to control the pandemic have wiped out the global demand for air travel, plunging revenue of carriers and forcing them to layoff employees as well a
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