4th Aug 21, 9:07am
Air New Zealand now expects to lose up to $530 mln in the 2022 year, on top of about $450 mln in the financial year just gone - and it will need to tap more into the Govt's standby loan facility
Air New Zealand now expects to lose up to $530 mln in the 2022 year, on top of about $450 mln in the financial year just gone - and it will need to tap more into the Govt's standby loan facility
21st Jun 21, 3:50pm
Forsyth Barr analysts have doubled their forecast loss for the national airline for the 2022 year and lowered their 'target' share price for it
Forsyth Barr analysts have doubled their forecast loss for the national airline for the 2022 year and lowered their 'target' share price for it
28th May 21, 10:17am
The RBNZ is picking international and domestic factors causing rising costs for businesses and consumers to ease this year. Will it be right?
The RBNZ is picking international and domestic factors causing rising costs for businesses and consumers to ease this year. Will it be right?
9th Apr 21, 10:10am
Air New Zealand defers capital raise plans until later in the year, as the Crown increases a loan facility for the airline by $600 million to $1.5 billion
Air New Zealand defers capital raise plans until later in the year, as the Crown increases a loan facility for the airline by $600 million to $1.5 billion
25th Feb 21, 9:37am
Our national airline says its 'monthly cash burn' is expected to be between $45 mln and $55 mln a month for the remaining five months of the financial year; capital raising still planned by June
Our national airline says its 'monthly cash burn' is expected to be between $45 mln and $55 mln a month for the remaining five months of the financial year; capital raising still planned by June
15th Feb 21, 9:03am
Those wondering why our Prime Minister was so willing to countenance breaking the Air New Zealand-Saudi contract should wonder no longer. Jacinda Ardern has sniffed the wind and smelled Joe Biden’s aftershave
Those wondering why our Prime Minister was so willing to countenance breaking the Air New Zealand-Saudi contract should wonder no longer. Jacinda Ardern has sniffed the wind and smelled Joe Biden’s aftershave
25th Sep 20, 4:00pm
Air NZ starts drawing down on $900 million Crown loan; Plans to complete capital raise by June
Air NZ starts drawing down on $900 million Crown loan; Plans to complete capital raise by June
27th Aug 20, 9:01am
Our national airline is not giving any specific financial guidance for the year ahead but says each of the scenarios it is currently modelling suggests it will make another loss in 2021
Our national airline is not giving any specific financial guidance for the year ahead but says each of the scenarios it is currently modelling suggests it will make another loss in 2021
23rd Jul 20, 1:09pm
Air NZ expects to draw on the $900m Crown loan in 'due course' and is 'actively' looking at a range of long-term funding options
Air NZ expects to draw on the $900m Crown loan in 'due course' and is 'actively' looking at a range of long-term funding options
[Updated]
22nd Jul 20, 5:50pm
Number of returning kiwis who can stay in managed isolation limited to less than 7000, as no new facilities are being brought on for now
[Updated]
Number of returning kiwis who can stay in managed isolation limited to less than 7000, as no new facilities are being brought on for now
7th Jul 20, 8:40am
Government looks to limit the flow of passengers back into the country as quarantine facilities fill up
Government looks to limit the flow of passengers back into the country as quarantine facilities fill up
20th Jun 20, 9:31am
As the country hurtles into a deep recession, sharemarket listed companies are doing a good job of giving themselves a cash cushion - with around $2.75 bln raised from investors since the start of the Covid crisis
As the country hurtles into a deep recession, sharemarket listed companies are doing a good job of giving themselves a cash cushion - with around $2.75 bln raised from investors since the start of the Covid crisis
18th Jun 20, 9:43am
Our national airline has issued a forecast of earnings for the year to June 2020, in which it expects an 'underlying' loss of $120 mln and other 'significant item' losses of more than half a billion dollars
Our national airline has issued a forecast of earnings for the year to June 2020, in which it expects an 'underlying' loss of $120 mln and other 'significant item' losses of more than half a billion dollars
11th Jun 20, 11:06am
Our national airline hasn't denied informed media speculation that it may soon tap shareholders for more cash
Our national airline hasn't denied informed media speculation that it may soon tap shareholders for more cash
10th Jun 20, 10:00am
Gareth Vaughan on the US$10 trillion rescue, buying shares in bankrupt companies, COVID-19 long-haulers, a reset for capitalism & a South Pacific tourism bubble
Gareth Vaughan on the US$10 trillion rescue, buying shares in bankrupt companies, COVID-19 long-haulers, a reset for capitalism & a South Pacific tourism bubble
26th May 20, 10:17am
Our national airline says there's still too much uncertainty to forecast earnings for the financial year that ends in a month, but says it hasn't needed to draw on the $900m loan facility offered by the taxpayer yet
Our national airline says there's still too much uncertainty to forecast earnings for the financial year that ends in a month, but says it hasn't needed to draw on the $900m loan facility offered by the taxpayer yet
[Updated]
20th Mar 20, 9:19am
Taxpayers to support Air NZ through $900 million debt arrangement; Deal enables Crown to convert debt to equity
[Updated]
Taxpayers to support Air NZ through $900 million debt arrangement; Deal enables Crown to convert debt to equity
17th Mar 20, 4:35pm
Air New Zealand to reduce trans Tasman capacity by -80% between March 30 and June 30 this year
Air New Zealand to reduce trans Tasman capacity by -80% between March 30 and June 30 this year
16th Mar 20, 10:31am
Our national airline is cutting long haul international services by 85% and domestic services by 30% in reaction to the Government's travel restrictions
Our national airline is cutting long haul international services by 85% and domestic services by 30% in reaction to the Government's travel restrictions
24th Feb 20, 10:10am
Air New Zealand slashes profit forecast for the financial year to June; services to Seoul suspended till June; total flight capacity to Asia cut by 17% through to June
Air New Zealand slashes profit forecast for the financial year to June; services to Seoul suspended till June; total flight capacity to Asia cut by 17% through to June
11th Oct 19, 9:22am
Kiwi Greg Foran returning from Walmart to take the reins at Air New Zealand next year after Christopher Luxon's departure
Kiwi Greg Foran returning from Walmart to take the reins at Air New Zealand next year after Christopher Luxon's departure
11th Feb 19, 5:51pm
Ardern says Chinese authorities preventing an Air NZ plane from landing is a 'straight forward' issue for Air NZ that shouldn't be confused with NZ's relationship with China
Ardern says Chinese authorities preventing an Air NZ plane from landing is a 'straight forward' issue for Air NZ that shouldn't be confused with NZ's relationship with China
13th Dec 18, 9:46am
Peter Dunne says nobody wants to see a return to the once-common pattern of industrial disputes
Peter Dunne says nobody wants to see a return to the once-common pattern of industrial disputes
12th Dec 18, 1:41pm
Insurance Council of New Zealand cautions those who might be affected by Air New Zealand pre-Christmas strike disruption that their travel insurance might not cover them for financial costs
Insurance Council of New Zealand cautions those who might be affected by Air New Zealand pre-Christmas strike disruption that their travel insurance might not cover them for financial costs
24th Aug 18, 3:27pm
The University of Auckland's Jilnaught Wong congratulates Air NZ management and staff on a job well done, telling them to enjoy their bonuses
The University of Auckland's Jilnaught Wong congratulates Air NZ management and staff on a job well done, telling them to enjoy their bonuses
