AirNZ to focus on Christchurch economic recovery
Air New Zealand says a key management focus will be assisting with the recovery from the Christchurch earthquake and working with tourism partners to mitigate the economic effects.
The airline’s latest half year result show earnings before taxation are NZ$112 million for the six month period ended 31 December 2010, including an $18 million gain on equity swaps relating to the investment in Virgin Blue.
Air NZ chairman, John Palmer, reviewing the results, said,
“Overall Air New Zealand has had a strong six months.
“Passenger numbers, cargo volumes and yields have all increased year on year, with an increase in revenues of nine percent.
“This has been offset by costs relating to increased capacity, increasing fuel prices and losses from foreign exchange hedges.â€
Palmer said Air New Zealand continued to invest throughout the worst of the global financial crisis… “and we now have a solid platform to progress and build value from these investmentsâ€.
Air New Zealand CEO Rob Fyfe said bookings on Tasman and Pacific Island services had increased 15 percent since the introduction of the Seats to Suit product, “performing far better than we expectedâ€.
He added, “The trans-Tasman is an extremely competitive and important market for us and together with our alliance with Virgin Blue we are in a very strong market position.â€
Ian Jarrett
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
TAP Air Portugal to operate 29 flights due to strike on December 11
Qatar Airways offers flexible payment options for European travellers
Airlines suspend Madagascar services following unrest and army revolt
Strike action set to cause travel chaos at Brussels airports
Digital Travel Reporter of the Mirror totally seduced by HotelPlanner AI Travel Agent