All Air New Zealand articles – Page 3
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NewsAir NZ targets 30% reduction in workforce: CEO
Air New Zealand could reduce its workforce of 12,500 by up to 30%, as it works through the challenges posed by the coronavirus outbreak Chief executive Greg Foran says: ”Air New Zealand’s well-placed to get through Covid-19. We’re a strong resilient business, we’ve got a good balance sheet.” “But these ...
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NewsANZ reviews schedules as government clamps down on travel
Air New Zealand is reviewing the impact of new measures from the country’s government intended to combat the spread of coronavirus. Under the directive every person entering New Zealand, excluding Pacific territories, will be required to self-quarantine for 14 days, a restriction which will be reviewed in 16 days’ time. ...
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NewsAir NZ withdraws earnings guidance on coronavirus uncertainty
Air New Zealand is withdrawing its full-year earnings guidance for 2020 “due to increased uncertainty surrounding the duration and scale of the Covid-19 outbreak.” The carrier disclosed on 24 February target earnings before other significant items and taxation of NZ$300-350 million ($189-220 million) for financial year 2020, with an estimated ...
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NewsAir New Zealand maintains profitability despite slowdown
Air New Zealand has maintained profitability even as it adapts to a lower growth environment, reporting a NZ$198 million ($124 million) EBIT for the six months ended 31 December 2019, down from NZ$217 million in the year-ago period. “Our capacity discipline on existing routes, stimulation of leisure traffic with the ...
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NewsAir New Zealand debuts bunk bed concept for economy class
Air New Zealand has filed patent and trademark applications for full-length sleep pods in economy class, as it mulls installing them on its ultra long-haul routes. Unveiling the Economy Skynest, the carrier says it will decide whether or not to install the product after assessing the performance of its upcoming ...
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NewsAir New Zealand expects up to $47m hit from coronavirus
Air New Zealand is expecting a NZ$35-75 million ($22-47 million) hit to financial year 2020 earnings, as it weighs up the impact of the coronavirus outbreak against cheaper jet fuel. “The airline’s revenue outlook for the remainder of the year is expected to be adversely impacted as a result of ...
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Airline BusinessWhat airlines must do to achieve greater gender diversity
It’s about time that the aviation industry took serious action to address its major gender balance disparity.
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NewsAir New Zealand taps alliance partner Cathay for extra capacity
Cathay Pacific will operate Air New Zealand’s Hong Kong-Auckland services through to the end of March as the latter continues to deal with capacity issues due to ongoing Boeing 787-9 engine issues. In addition to its own services to New Zealand, the Hong Kong-based carrier will operate daily a 280-seat ...
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Airline BusinessK-pop safety video signals change at Korean Air
Korean Air is showing off some new K-pop moves in its new safety video and wants its customers to sit up and pay attention.
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Air NZ to start New York flights but end London service
Air New Zealand will begin flights between Auckland and Newark, while ending its long-serving Los Angeles-London services in October 2020.
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Airline BusinessAir New Zealand again goes external for new chief
Air New Zealand’s board is following a similar path in tapping talent outside the industry by appointing Kiwi-born US retail boss Greg Foran as its next chief executive, at a time when there is turbulence on the horizon.
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Air NZ appoints Greg Foran as next CEO
Air New Zealand has appointed Walmart US chief executive Greg Foran as its next chief executive, commencing in the first quarter of 2020.
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Air New Zealand firms up order for eight 787-10s
Air New Zealand has firmed up its May commitment to order eight Boeing 787-10s that will be powered by General Electric GEnx-1B engines.
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Jetstar to wind up regional NZ operations
Jetstar has signalled that it intends to end its regional turboprop services in New Zealand from the end of November, citing continued losses on the routes.
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Air NZ blames fuel, engine issues as profit falls 31%
Air New Zealand has cited higher fuel costs, the Rolls-Royce Trent 1000 engine issues, and a lower demand environment in the second half as drivers of a 31% fall in its underlying earnings to NZ$374 million ($239 million) for the year ended 30 June.
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Cathay and Air NZ extend alliance for five more years
Cathay Pacific and Air New Zealand have received approval to extend their network joint venture for services between Hong Kong and New Zealand until the end of October 2024.
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Air NZ to appoint McDowall as interim CEO after Luxon leaves
Air New Zealand will appoint chief financial officer Jeff McDowall as acting chief executive after Christopher Luxon vacates the role on 25 September.
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Air New Zealand and SIA to increase Singapore-Auckland capacity
Air New Zealand and Singapore Airlines plan to operate 35,000 more seats on the Auckland-Singapore route over the 2020 northern summer scheduling period, using a combination of larger aircraft and more frequencies.
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Air NZ extends run of seasonal Denpasar services in 2020
Air New Zealand will start its seasonal Auckland-Denpasar flights in 2020 from 11 April, representing more than two additional months of operations compared to this year.
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Air NZ chief Luxon to step down in September
Air New Zealand chief executive Christopher Luxon will step down from that post on 25 September, after which he will move to an advisory role with the airline.