Markets

Air NZ targets domestic, Tasman routes as earnings fall 8.8%

Paul McBeth
Thu, 27 Feb 2020

Paul McBeth
Thu, 27 Feb 2020
Air New Zealand said it will look to stoke demand on its domestic and trans-Tasman routes to counter the impact of the coronavirus outbreak on international demand.The airline reported pre-tax earnings before major items of $198 million in the six months ended Dec. 31, down 8.8 percent from $217 million a year earlier. A weaker kiwi dollar contributed to a higher fuel bill, and the airline also reported higher labour costs and more expensive maintenance.Strong demand in the domestic market, where Air New Zealand is dominant, and on Pacific Isla...

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