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Air New Zealand Says Aug Passenger Load Factor 36.5%
Air New Zealand Says CFO Jeff Mcdowall To Leave Airline Toward Middle Of 2021
Air New Zealand Sees Loss For 2021
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
Chief Executive Officer
Chief Financial Officer
Chief Operating Officer
General Counsel and Company Secretary
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* Will refresh loyalty programme, improve digital tools (Adds comments from chairman and CEO)
Air New Zealand Ltd said on Tuesday it had drawn down NZ$110 million ($72.20 million) of a NZ$900 million government loan facility to date as it shored up liquidity to help weather the coronavirus pandemic.
* Loan has interest rate of 7-9%, security over planes (Adds details of election polls, loan terms, job cuts)
Air New Zealand Ltd said on Friday it had begun to draw down on a NZ$900 million ($589.95 million) government debt facility that would give it time to review its capital structure and complete a capital raising by June 2021.
* Union calls on airline to stop outsourcing roles (Adds Air New Zealand declined to comment on timing of cuts)
Air New Zealand Ltd said on Wednesday it aims to cut up to 385 more cabin crew jobs due to the lack of long-haul international flying, which would take its COVID-19 related job losses to around 37% of its workforce.
* AIR NEW ZEALAND SAYS OPERATING AROUND 70%-75% OF PRE-COVID DOMESTIC CAPACITY WITH PHYSICAL DISTANCING REQUIREMENTS REMOVED Further company coverage: (Reporting by Jamie Freed)
Air New Zealand Ltd plans to draw on a NZ$900 million ($596.34 million) government loan within days to help it weather the coronavirus pandemic after reporting its first annual loss in almost two decades.
* AIR NEW ZEALAND CEO SAYS CORPORATE DEMAND IN DOMESTIC MARKET HAD RETURNED TO 65% OF NORMAL LEVELS BEFORE AUCKLAND LOCKDOWN IN AUGUST
Air New Zealand Ltd on Thursday reported its first annual loss since 2002 and forecast a loss in fiscal 2021, hit by aircraft impairment charges and reorganisation costs from a coronavirus-fuelled slump in air travel.
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.
* AS OF JUNE 8, CO IS OPERATING TO ALL 20 OF DOMESTIC DESTINATIONS SERVICED PRE-COVID-19
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.
* SEE AIR NEW ZEALAND OF 2022 FLYING ABOUT 13 MILLION CUSTOMERS ANNUALLY VERSUS ALMOST 18 MILLION PRE-COVID-19
* AIR NEW ZEALAND SPOKESPERSON UPDATES ON PROPOSED WELLINGTON-CANBERRA ROUTE
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 - PLANS TO OPERATE AROUND 55% OF USUAL DOMESTIC CAPACITY (COMPARED TO PRE-COVID-19 LEVELS) DURING JULY & AUG
Air New Zealand Ltd 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.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.