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Air New Zealand Suspends Passenger Services From Auckland To Melbourne
Air New Zealand May Load Factor 34.2% Vs. 84.2%
Air New Zealand Says Adding More Capacity To Domestic Schedule For July For Auckland-Christchurch Flight
Air New Zealand Limited is engaged in the transportation of passengers and cargo on an integrated network of scheduled airline services to, from and within New Zealand. The Company, through its subsidiaries, is also engaged in aviation, aircraft leasing and financing, investment, and engineering services. It is engaged in the operation of domestic and international passenger transport and cargo. Its operational fleet includes Boeing 777-300ER, Boeing 777-200ER, Boeing 787-9 Dreamliner, Boeing 767-300ER, Airbus A320-200, ATR 72-500/72-600, Bombardier Q300 and Beech 1900D. The Company offers check in and immigration services; baggage services, such as cabin baggage and excess baggage; on board flight services, and special assistant services for disable and pregnant people, and children, among others. The Company's short haul operations are represented in New Zealand, Australia and Pacific Islands, and its long haul operations are represented in Asia, North America and Europe.
185 Fanshawe Street
Therese Maria Walsh
Independent Non-Executive Chairman of the Board
Janice Amelia Dawson
Independent Non-Executive Deputy Chairman of the Board
Chief Financial Officer
General Counsel and Company Secretary
Chief Ground Operations Officer
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Price To Book (MRQ)
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Air New Zealand Ltd <AIR.NZ> on Thursday forecast an underlying loss of up to NZ$120 million ($77.50 million) for the financial year ending June 30, as it grapples with a plunge in air travel demand following the coronavirus outbreak.
Air New Zealand <AIR.NZ> will be nimbler, fly fewer passengers and routes, and may cut more jobs as it targets a return to "healthy profits" by 2022, its chief executive said as he navigates the airline through the coronavirus crisis.
Air New Zealand on Monday began the second phase of a coronavirus-enforced cost-cutting plan that it said will save around NZ$150 million ($97.53 million) and help it return to "healthy profits" by August 2022.
Australia's Qantas Airways Ltd <QAN.AX> and Air New Zealand Ltd <AIR.NZ> on Thursday outlined plans for significant boosts to domestic capacity as pandemic-related travel restrictions ease, sending their shares higher.
Air New Zealand Ltd said on Thursday it would boost its domestic capacity to 55% of pre-pandemic levels during July and August as restrictions ease and travel demand increases.
Air New Zealand Ltd <AIR.NZ> said on Tuesday it would report an underlying loss in the financial year ending June 30 due to the coronavirus outbreak, but had slashed costs to the extent it had not yet needed to draw down a government loan.
Air New Zealand Ltd <AIR.NZ> said on Friday it would boost domestic capacity to 20% of usual levels once the country further loosens pandemic restrictions, but it cannot offer its lowest fares due to social distancing requirements.
Major global airlines projected layoffs, furloughs and capacity cuts over the next few months, with Air New Zealand warning that it expected staffing levels to be 30% smaller than it is now, due to the coronavirus pandemic.
Air New Zealand <AIR.NZ> said on Tuesday nearly a third of its employees, about 3,500, will be laid off in the coming months, as it grapples with severe global travel curbs due to the coronavirus that has forced it to cancel nearly all flights.
Air New Zealand said on Tuesday that 3,500 employees will be laid off in the coming months, as it grapples with severe global travel curbs due to the coronavirus that has led to cancellation of nearly all its flights.
New Zealand authorities increased financial aid for markets and bailed out the national airline on Friday, strengthening its efforts to prevent the economy from sinking into recession because of the coronavirus outbreak.
Air New Zealand <AIR.NZ> said on Friday it was offered a NZ$900 million ($514 million) lifeline by the government to keep the airline flying as travel curbs to stem the coronavirus outbreak threaten the survival of many airlines globally.
Air New Zealand said on Thursday it would close its cabin crew base in London earlier than initially planned due to the severe global travel restrictions brought on by the coronavirus epidemic.
Air New Zealand said on Monday it would further cut capacity and look to lay off some permanent employees as the coronavirus outbreak hits global travel demand.
Auckland International Airport suspended its full-year earnings guidance on Monday after New Zealand announced stringent border controls over the weekend to combat the fast-spreading coronavirus.
Air New Zealand said on Monday it will further reduce capacity across its network as the coronavirus outbreak dents travel demand.
Air New Zealand on Monday withdrew its full-year earnings guidance, froze hiring, offered unpaid leave to staff and said it would cut more capacity because of increased uncertainty over the duration and scale of the coronavirus outbreak.
Air New Zealand on Monday withdrew its full-year 2020 earnings outlook due to increased uncertainty over the duration and scale of the coronavirus outbreak.
* Maintains interim dividend, shares up 5% (Recasts with executive comments)
Some economy-class travelers envying those at the front of the plane with lie-flat beds may soon have another option: Air New Zealand Ltd <AIR.NZ> has developed a sleeping pod prototype to help passengers cope with near-18 hour flights.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.