Air New Zealand posts third straight loss, sees rebound in 2023

Air New Zealand has posted its third straight annual loss after months of lockdowns and border closures during the year [File: Brendon O'Hagan/Bloomberg]

Air New Zealand has posted its third straight annual loss after months of lockdowns and border closures earlier in the year pummelled travel.

But New Zealand’s flagship carrier signalled the worst of the losses are over, anticipating flying capacity to reach 75-80 percent of pre-pandemic levels for the 2023 financial year following the reopening of the country’s borders.