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6 Oct 2024 20:25
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  •   Home > News > Living & Travel

    Ongoing maintenance is hurting Air New Zealand's bottom line

    Ongoing maintenance is hurting Air New Zealand's bottom line


    Air New Zealand
    Air New Zealand
    The 51 percent Government-owned airline has 10 of its aircraft out of action, due to engine issues.

    Air New Zealand Chief Executive Greg Foran, says this, paired with an increasingly competitive market, means international routes aren't earning enough to cover the cost of capital.

    He says it's resulting in profits being around 300 million less than the previous year.

    © 2024 Newstalk ZB, NZCity

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     Top Stories

    RUGBY RUGBY
    New Zealand Rugby hope to announce a 2026 All Blacks tour of South Africa within the next two months More...


    BUSINESS BUSINESS
    Emergency Management Otago Group Controller Matt Alley has acknowledged the huge amount of work ahead for many households, farmers and businesses in the aftermath of severe heavy rain More...



     Today's News

    International:
    Five Israeli strikes hit Beirut's south as IDF says it will retaliate against Iran in its own time 20:07

    Rugby:
    New Zealand Rugby hope to announce a 2026 All Blacks tour of South Africa within the next two months 18:57

    Business:
    Emergency Management Otago Group Controller Matt Alley has acknowledged the huge amount of work ahead for many households, farmers and businesses in the aftermath of severe heavy rain 18:37

    Rugby League:
    Could Kiwis halfback Jahrome Hughes finish the week a Dally M medallist and NRL premiership winner? 18:07

    Rugby:
    The Ranfurly Shield is headed to Taranaki for the summer 17:47

    Netball:
    16-test Silver Fern Margie Foster believes capitalising on turnover ball looms as the biggest improvement area for New Zealand ahead of tonight's dead rubber Taini Jamison Trophy fixture against England in Invercargill 17:47

    Politics:
    The Government's hoping for an infrastructure boom as it unveils a list of 149 projects up for fast tracking 17:17

    Accident and Emergency:
    Police are responding to serious single vehicle crash on the Waikato Expressway at Huntly 16:57

    Accident and Emergency:
    New Zealand Defence Force personnel are on their way to Samoa, to help the clean-up and aid the crew of the sunken HMNZS Manawanui 16:17

    Law and Order:
    One person's assisting with Police enquiries after a violent assault in Central Wellington this morning 14:57


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