Air New Zealand Limited provided earnings guidance for the financial year ending 30 June 2020. For the year, it is expecting to report an underlying loss before Other Significant Items and taxation of up to $120 million for the 2020 financial year. This underlying earnings guidance excludes the impact of fluctuations in foreign currency rates for the month of June, as well as any fuel price changes for the remainder of the period, which are not expected to be material given the reduced level of flying. In addition to the $120 million underlying loss, a number of Other Significant Items will impact the 2020 financial results.