Air New Zealand reviews Japan flights as decline in yen makes travel more expensive

Tue, 14 May 2013

By Tina Morrison May 14 (BusinessDesk) - Air New Zealand, the national carrier, is reviewing its flights from Japan after a decline in the yen made flights here more expensive, crimping demand. "Significant depreciation of yen necessitated review of Japan capacity," the airline's chief financial officer Rob McDonald said in notes prepared for an investor presentation today. The airline wasn't immediately available for further comment. Shares in Air New Zealand rose 1 percent to $1.515, and have gained 16 percent this year. Last month the...

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