Air New Zealand is hoping for a better year ahead.

The airline made a net loss of $591 million in the year to June, up from a loss of $292 million in the previous financial year.

But revenue has increased by nine percent, to $2.7 billion.

Chief Executive Greg Foran told Mike Hosking they're off to a good start, with much depending on what happens with the cost of fuel.

LISTEN ABOVE

Air New Zealand is hoping for a better year ahead.
The airline made a net loss of $591 million in the year to June, up from a loss of $292 million in the previous financial year.
But revenue has increased by nine percent, to $2.7 billion.
Chief Executive Greg Foran told Mike Hosking they're off to a good start, with much depending on what happens with the cost of fuel.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.