Air NZ fuel bill up US$2m a day, capital raise ‘not imminent’
Craigs Investment Partners’ latest analysis says airline’s debt-to-earnings ratio is likely to reach near Covid-era levels as Iran War effects bite.
Air NZ’s fuel bills are rocketing due to the conflict in the Middle East.
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Air New Zealand’s fuel bill has increased by about US$2 million ($3.4m) each day, and its before-tax loss is likely to exceed $400m for the year to the end of June, according to a fresh analysis from Craigs Investment Partners.
In a research note released this morning entitled ‘How long is a
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