Air New Zealand cancels two regional routes blaming low demand

Edwin Mitson
Mon, 30 May 2016

By Edwin Mitson May 30 (BusinessDesk) - Air New Zealand is to close two regional routes, Whanganui to Auckland and Blenheim to Christchurch, from the end of July.  The move follows Air New Zealand's decision in 2014 to retire its unprofitable 19-seat Beech aircraft fleet and introduce the 50-seat Q300 aircraft. At the time it announced the suspension of unviable regional routes and said it would work with other regional centres to try to stimulate demand to fill the bigger aircraft.  In a statement, the airline said the two routes didn...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Coronavirus
Covid vaccine: Why NZ bought options for 5 million doses
Brent Melville | Tue, 22 Sep 2020

A back-of-the-envelope calculation shows NZ’s $26.7 million upfront payment to WHO's Gavi vaccine alliance has bought it an option for 5.15 million doses, once it's developed.

Markets
MARKET OPEN: Kiwi slumps as traders lose their nerve
Paul McBeth | Tue, 22 Sep 2020

The New Zealand dollar dropped more than 1 US cent as traders dumped risk-sensitive assets amid renewed fears about the economic impact of the covid-19 pandemic.The kiwi dropped to 66.66 US cents at 8am in Wellington from 67.71 cents at 5pm yesterday, joining an extended selloff...

Economy
Entitled or unethical? Big business and the wage subsidy
Rebecca Stevenson | Tue, 22 Sep 2020

Should a profitable company pay back the wage subsidy?

Partner Content
The whole story behind good investment decisions

If there was ever a time when strong financial metrics were the single trademark of a good company, that time has long passed. Responsible investors need to know beyond the profit a company will generate this year or next.

Sponsored
Canon Business: Premium solutions for Commercial Bay

Precinct Properties is the largest owner and developer of premium inner-city business space in Auckland and Wellington, its latest flagship success is the transformational Commercial Bay on Auckland's waterfront. Canon knew that for such a high-calibre client, only a premium bespoke purpose-built solution would suffice when it came to providing market-leading print, mail and courier services to over 10,000 tenants in the development.