Air New Zealand projecting financial loss for 2020 despite cutting 4000 jobs
(WorldNews New Zealand)

Despite cutting 4000 jobs, Air New Zealand is still projecting a loss for 2020. Your playlist will load after this ad The airline says it has cut $400 million by slashing staff and grounding aircraft. Source: 1 NEWS The national carrier hasn`t yet drawn on Government funds, though, instead cutting costs in other ways - including reducing jobs by 30 per cent which is expected to drive annualised savings of $350 to $400 million, according to its latest market update. Air New Zealand`s chief executive and other executives have also taken a 15 per cent reduction in...