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Transcript: Pierre Andurand on What Europe Needs to Do This Winter
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Matthew Brockett
Air New Zealand posted its third straight annual loss but indicated the worst is over and it expects earnings to improve now that borders have reopened.
The Auckland-based airline announced a loss before significant items and tax of NZ$725 million ($450 million) for the year ended June 30 compared with a NZ$444 million loss a year earlier. Operating revenue of NZ$2.7 billion, while up 9%, was significantly impacted by pandemic travel restrictions and dividends remain suspended, it said on Thursday.