Air New Zealand
David Hargreaves looks at the difficult juggling act the Government is attempting with Air New Zealand
14th Dec 21, 2:52pm
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David Hargreaves looks at the difficult juggling act the Government is attempting with Air New Zealand
Air New Zealand has reworked the terms of its financial support package from the Govt, including reduction in the amount of borrowing by $500 mln, but a new issue of redeemable shares up to $1 bln
14th Dec 21, 9:57am
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Air New Zealand has reworked the terms of its financial support package from the Govt, including reduction in the amount of borrowing by $500 mln, but a new issue of redeemable shares up to $1 bln
Forsyth Barr analysts see it as increasingly unlikely that the Government will be able to maintain the current closed border settings through our summer; vaccination level may only reach 73% of the population
11th Oct 21, 9:33am
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Forsyth Barr analysts see it as increasingly unlikely that the Government will be able to maintain the current closed border settings through our summer; vaccination level may only reach 73% of the population
Air New Zealand cites uncertainty around the current lockdown as it reports pre-tax losses of $440 million for the financial year to June 2021
26th Aug 21, 9:22am
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Air New Zealand cites uncertainty around the current lockdown as it reports pre-tax losses of $440 million for the financial year to June 2021
Jarden analysts calculate about $350 mln to $500 mln of Air New Zealand's $1.5 bln Govt loan facility may be left by the time the airline undertakes a capital raising next year
17th Aug 21, 1:27pm
Jarden analysts calculate about $350 mln to $500 mln of Air New Zealand's $1.5 bln Govt loan facility may be left by the time the airline undertakes a capital raising next year
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
4th Aug 21, 9:07am
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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
Forsyth Barr analysts have doubled their forecast loss for the national airline for the 2022 year and lowered their 'target' share price for it
21st Jun 21, 3:50pm
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Forsyth Barr analysts have doubled their forecast loss for the national airline for the 2022 year and lowered their 'target' share price for it
The RBNZ is picking international and domestic factors causing rising costs for businesses and consumers to ease this year. Will it be right?
28th May 21, 10:17am
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The RBNZ is picking international and domestic factors causing rising costs for businesses and consumers to ease this year. Will it be right?
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
9th Apr 21, 10:10am
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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
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
25th Feb 21, 9:37am
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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
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
15th Feb 21, 9:03am
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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
Air NZ starts drawing down on $900 million Crown loan; Plans to complete capital raise by June
25th Sep 20, 4:00pm
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Air NZ starts drawing down on $900 million Crown loan; Plans to complete capital raise by June
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
27th Aug 20, 9:01am
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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
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
23rd Jul 20, 1:09pm
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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
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
22nd Jul 20, 5:50pm
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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
Government looks to limit the flow of passengers back into the country as quarantine facilities fill up
7th Jul 20, 8:40am
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Government looks to limit the flow of passengers back into the country as quarantine facilities fill up
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
20th Jun 20, 9:31am
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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
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
18th Jun 20, 9:43am
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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 hasn't denied informed media speculation that it may soon tap shareholders for more cash
11th Jun 20, 11:06am
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Our national airline hasn't denied informed media speculation that it may soon tap shareholders for more cash
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
10th Jun 20, 10:00am
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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
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
26th May 20, 10:17am
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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
Taxpayers to support Air NZ through $900 million debt arrangement; Deal enables Crown to convert debt to equity
20th Mar 20, 9:19am
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Taxpayers to support Air NZ through $900 million debt arrangement; Deal enables Crown to convert debt to equity
Air New Zealand to reduce trans Tasman capacity by -80% between March 30 and June 30 this year
17th Mar 20, 4:35pm
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Air New Zealand to reduce trans Tasman capacity by -80% between March 30 and June 30 this year
Our national airline is cutting long haul international services by 85% and domestic services by 30% in reaction to the Government's travel restrictions
16th Mar 20, 10:31am
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Our national airline is cutting long haul international services by 85% and domestic services by 30% in reaction to the Government's travel restrictions
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
24th Feb 20, 10:10am
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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