Air New Zealand warns of virus impact as profits dive

Thu, Feb 27, 2020 - 6:44 AM

Air New Zealand announced a 34 per cent fall in interim net profit on Thursday and warned the novel coronavirus would hit the airline's bottom line as it slashes flights on Asian routes.

PHOTO: BLOOMBERG

[WELLINGTON] Air New Zealand announced a 34 per cent fall in interim net profit on Thursday and warned the novel coronavirus would hit the airline's bottom line as it slashes flights on Asian routes.

The flag carrier posted a net profit of NZ$101 million (S$88.9 million) for the six...

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