New Zealand Prime Minister Christopher Luxon said in an interview with reporters in Auckland on Friday that the 51% state-owned New Zealand Airlines announced a pre-tax loss of NZ$336 million. He assessed the performance as “very poor” and that the government had no intention of providing it with any aid. “It's an independently operated business, and we expect it to act according to business rules. We want the company to handle its own problems, meet all kinds of challenges, and improve business performance.” “It's clear that this company is indeed facing serious operational challenges.” “It is up to them to explain why there were such huge losses, and more importantly, what steps they plan to take to run the business better and improve performance in the future.” Luxon said that a group of new directors with deep aviation industry experience will soon join the board of directors, which will help the company consolidate its foundation and improve operations.

New Zealand Prime Minister Christopher Luxon said in an interview with reporters in Auckland on Friday that the 51% state-owned New Zealand Airlines announced a pre-tax loss of NZ$336 million. He assessed the performance as “very poor” and that the government had no intention of providing it with any aid. “It's an independently operated business, and we expect it to act according to business rules. We want the company to handle its own problems, meet all kinds of challenges, and improve business performance.” “It's clear that this company is indeed facing serious operational challenges.” “It is up to them to explain why there were such huge losses, and more importantly, what steps they plan to take to run the business better and improve performance in the future.” Luxon said that a group of new directors with deep aviation industry experience will soon join the board of directors, which will help the company consolidate its foundation and improve operations.