Air New Zealand (NZSE:AIR) Stock Revenue Recovery Runs Into Debt Fueled Losses
Air New Zealand stock closed at NZ$0.385, down over the past week and month, just as investors absorbed a fresh full year loss and a heavier debt load. The headline is simple and uncomfortable. The airline carried around NZ$7.0b of revenue yet still reported a net loss from continuing operations of NZ$242m over the last twelve months, and net debt climbed to about NZ$1.9b to NZ$2.0b.
For short term traders that is enough to keep pressure on the share price. For longer term holders the real...
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