Air New Zealand

Lightning strike impeds Air New Zealand’s flight

An Air New Zealand’s airplane was forced to divert to Auckland after a suspected lightning strike incident....


Burning $85M a month, Air New Zealand awards CEO by $2M in shares

Despite burning up to $85 million a month, the CEO of Air New Zealand received a $2 million bonus in the airline’s shares.  ...


Air New Zealand to draw into $900 million state loan

Air New Zealand has started tapping into a $900 million state standby loan from the government and has already drawn about $110 million for a necessary basis. The state loan helps the airline with liquidity support while the carrier is working on a plan of its future business strategy.  ...


Air New Zealand grounds its entire Boeing 777 fleet

More aircraft join the Californian deserts as Air New Zealand decides to ground its entire Boeing 777 fleet for at least an entire year....


Air New Zealand’s CCO resigns after crisis shrinks operations

Air New Zealand’s CCO Cam Wallace has handed in his resignation after 19 years of service to pursue opportunities elsewhere....


Air New Zealand suffers first loss since 2002

Air New Zealand has reported its first annual loss since 2002. The air carrier declared a pretax loss of €48.8 million (NZ$87 million). The airline expects to record a loss in 2021 as well....


Air New Zealand to report US$77.2 million loss for FY2020

New Zealand’s flag carrier Air New Zealand has come out and warned investors of a possible loss amounting to NZ$120 million (US$77.2 million) for the financial year of 2020 ending on June 30, 2020.The...


Air New Zealand: Survive, Revive and Thrive as airline cuts jobs

Despite earlier indications that the airline plans to meet its future being 30% smaller, the predictions are coming out much grimmer than previously, as Air New Zealand anticipates being 70% smaller in 2022....


Air New Zealand running out of cash for refunds

Air New Zealand has revealed that the airline is losing around "$5 million a day at the moment" as the airline's Chief Executive outlined that the flag carrier is struggling to have enough liquidity i...


Air New Zealand is preparing to be 30% smaller in two years’ time

Air New Zealand provided a glimpse of the possible short-term future it faces, as it tries to combat the impact of COVID-19 on its operations....