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The economic impacts of the coronavirus outbreak are spreading.
But Rabobank senior animal proteins analyst Angus Gidley-Baird said while it was difficult to fully predict the impact of coronavirus on demand it was clear sale volumes would be down in the near future. The airline expects the COVID-19 pain for earnings to be in the range of $NZ35 million to $NZ75 million due to lower demand and capacity cuts.
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