Air New Zealand 'reviewing fares and capacity' as second-half results expected to be 'markedly lower'
Our national airline says it is 'leaning into the reality of a worsening revenue and cost environment'
Source: interest.co.nz
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Air New Zealand's profit drops 39% as operational challenges persist
Air New Zealand has announced its net profit after tax was $129m for the first half of the 2024 financial year, a 39 per cent drop compared to 1H23.
Source: travelweekly.com.au
Air NZ half year profit down 39%: Price hikes to be expected
Brace for potential Air NZ price hikes, the national carrier's half year profit plummeted 39% on the same period last year. But that's still an after tax profit of 129 million dollars. It's warning the second half of the year will be bumpy too. The airline says it been hit by inflation, rising fuel prices and engine maintenance issues. That's despite passenger revenue cracking 3 billion dollars a jump of 21%, largely due to long haul flights. Air NZ boss Greg Foran speaks to Lisa Owen. [embed] https://players.brightcove.net/6093072280001/default_default/index.html?videoId=63473...
Source: rnz.co.nz
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Runway rumble: Air New Zealand takes Auckland Airport to Commerce Minister over fees
Air New Zealand says Auckland Airport charges will make travel unaffordable and is taking its long-running battle to the Government. But the airport has hit...
Source: nzherald.co.nz
Business.Scoop » Air New Zealand Seeks Urgent Inquiry Into Regulation Of Auckland Airport
Business Scoop provides news and views on Business and Markets from New Zealand
Source: scoop.co.nz