About: http://data.cimple.eu/news-article/924446f88232bb19076cab6d90b6f936b6c55688e7def90e528620fd

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: http://data.cimple.eu/news-article/924446f88232bb19076cab6d90b6f936b6c55688e7def90e528620fd Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	Flag carrier Air New Zealand on Thursday announced a roughly US$300 million annual net loss after demand plummeted due to the coronavirus pandemic. The virus-driven decline spelled a NZ$454 million (US$300 million) hit, including the cost of redundancies and the mothballing of its fleet while international borders remained closed. Passenger revenues plunged 74 percent in the final quarter of the financial year. "The airline has responded to this crisis with urgency, including securing additional liquidity, (and) structurally reducing its cost base" it said. The airline said the loss recorded over the 12 months to June 30, which compares to a NZ$276 million profit for the previous year, was driven by one-off costs. Air New Zealand has previously said at least one-third of its 12,500 workforce are expected to lose their jobs due to pandemic-related cutbacks. It said "cash burn" averaged approximately NZ$175 million a month from April to June but efforts were underway to reduce the monthly figure to NZ$65 million. The carrier said the uncertainty surrounding travel restrictions meant it was unable to provide specific earnings guidance for the coming financial year. "However, each of the scenarios we are currently modelling suggest we will make a loss in 2021," it said. ns/jm
schema:headline	Virus-hit Air New Zealand posts US$300 million loss
schema:mentions	Air New Zealand Pandemic Severe acute respiratory syndrome coronavirus 2 Earnings guidance Cutbacks Flag carrier Market liquidity
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-08-26 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	80 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

Faceted Search & Find service v1.16.115 as of Oct 09 2023

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 5 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software