Air NZ: Domestic business travel back to 90%

Air NZ: Domestic business travel back to 90%
Rebecca Howard
Air New Zealand said its domestic business and corporate travel has defied global trends by returning to 90% of pre-covid levels.It had hoped to see a return to 70% next year.“To recover to near-normal levels this quickly really reinforces the strength of our domestic network and the desire of Kiwis to reconnect in person,” said Air New Zealand chief customer and sales officer Leanne Geraghty.According to Geraghty, in many places around the world, such as the US, business travel is only sitting near 15% of domestic travel.In respons...

More Markets

NZ sharemarket falls nearly 0.5%
Markets Market close

NZ sharemarket falls nearly 0.5%

The S&P/NZX 50 Index closed at 11,745.53, down 49.28 points or 0.42%.

Contact expects strong FY25 as projects near completion
Markets

Contact expects strong FY25 as projects near completion

Contact Energy expects to report "materially higher" earnings for the year to June 30, 2025. The company said normalised and expected earnings before interest, tax, depreciation, amortisation and fair value adjustments (ebitdaf) for FY2025 were expected to be $770 million, well a...

Aus: Tax cuts, rates chatter to play into consumer sentiment
Markets

Aus: Tax cuts, rates chatter to play into consumer sentiment

Consumer and business confidence surveys are due out this week. 

AAP 7:00am