BRIEF-Air New Zealand Exec Says Expected NZ $ 50-60 Million a Month FY21 Cash Cuts Compared to Normal Monthly Outflows From NZ $ 150-200 Million | Instant News


May 26 (Reuters) – Air New Zealand Ltd:

* AIR NEW ZEALAND EXEC SAYS EXPECTED NZ $ 50-60 MILLION MONTHS FY21 CASH OUTFLOW CUT COMPARED TO NORMAL OUTSIDE MONTHS OUTSIDE NZ $ 150-200 MILLION

* NEW ZEALAND CFO SAYS TO BE ‘VERY MEASURED’ ABOUT HEDGING OF FUELS BECAUSE OF PARTICULAR CONSUMPTION IN THE FUTURE

* NEW ZEALAND CFO SAYS DOMESTIC CAPACITY DOES NOT HOPE TO RETURN TO NORMAL AT END-2020

* NEW ZEALAND AIRCRAFT CFO SAYS WILL DRAW GOVERNMENT LOANS WHEN WE OWN DOWN LIQUIDITY TO NZ $ 200-250 MILLION

* NEW ZEALAND CFO SAYS THE MOST INTERNATIONAL TOURISM FROM LONG MARKETS THAT WILL HAVE TO FULLY FILL 20% OF DOMESTIC SEATS

* NEW ZEALAND CFO SAYS DOMESTIC FLYING NOW IS POSITIVE CASH

* NEW ZEALAND AIR CFO SAYS AS POSSIBLE RETIRE STANDING 777-200S INITIAL Further company coverage: (Reporting by Jamie Freed)

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