Brief: Freightways Sees Impact On Earnings From Omicron Through Lower Rev & Increased Cost Base Is NZ$5-7M For Second Half Of Year

Freightways

09/05/2022 03:36

May 9 (Reuters) - Freightways:
    * SEES IMPACT ON EARNINGS FROM OMICRON THROUGH LOWER REVENUE
AND
INCREASED COST BASE IS APPROXIMATELY NZ$5-7M FOR SECOND HALF OF
YEAR 
    * SPREAD OF OMICRON VARIANT DURING MARCH, APRIL HAD AN
IMPACT ON
OUR OPERATIONS, THROUGH LOWER VOLUMES AND HIGHER OPERATING COSTS
    * IN 2 MONTHS, ABOUT 1,000 OF FREIGHTWAYS TEAM OR 25% OF NZ
WORKFORCE CONTRACTED VIRUS AND HAD TO ISOLATE ON FULL PAY

Further company coverage:  FRE.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))