https://www.rnz.co.nz/news/national/...orld-on-26-may
"Air New Zealand says it will make a loss because of the Covid-19 pandemic.
The airline says it has had little revenue over the past six weeks under the level 4 and 3 lockdowns, having cut its capacity by 95 percent.
It's given no precise figure of the loss, but last year's earnings before tax and other charges were $374 million.
Chief financial officer Jeff McDowall said the airline is taking every step to limit its costs through redundancies, deferral of plane purchases, grounding a large part of its fleet and a freeze on non-essential spending.
He said the airline will take one-off financial hits because of the virus of between $554 million and $694 million.
McDowall says Air New Zealand has about $640 million in cash and hasn't yet touched the government loan of $900 million."