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About: http://data.cimple.eu/news-article/8dc214446e9882ef4ba51ce2a0bce0f83d8f4c68b03ce761ea339992 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Air New Zealand announced a 34 percent fall in interim net profit 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 ($63.6 million) for the six months to December, down from NZ$151 million in the same period a year earlier. It said the interim result reflected weaker demand, a sluggish global cargo market and the impact of ongoing political unrest in Hong Kong. Chief executive Greg Foran said the airline was taking steps to minimise the virus' impact but full-year results would be affected. Foran said flights to Shanghai and Seoul had already been temporarily suspended and services to Japan and Hong Kong were also being cut back. He said overall flights to Asia between February and June would be down 17 percent as a result. Foran said the airline had proved resilient in the past and would deal with changed market conditions caused by the virus. "We have a highly capable and experienced senior leadership team who have dealt with challenges such as this before and I am confident that we will effectively navigate our way through this," he said. The airline forecast pre-tax earnings of NZ$300-350 million for the full financial year, down from its previous estimate of NZ$350-450. ns/dm/bfm
schema:headline	Air New Zealand warns of virus impact as profits dive
schema:mentions	Air New Zealand Seoul Shanghai Asia Warini Hong Kong Japan Virus Severe acute respiratory syndrome coronavirus 2 2019–20 Chilean protests Flag carrier Radio in New Zealand
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-02-26 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	76 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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