Foran’s key risks: covid, climate & fuel costs

Greg Foran rates covid as just one of three key risks facing the airline. (Photo: Dan Brunskill)

Sat, 09 Apr 2022

Air New Zealand chief executive Greg Foran told shareholders the key risks facing the airline were covid, fuel costs, and climate change.The business is raising capital to rebuild after the pandemic decimated the travel industry.Foran’s plan is to grow domestic travel – which he describes as the “core business” – while optimising international travel and building the Airpoints loyalty program.This plan is designed to bring the airline back to 2019 profit levels in the 2025 financial year, but he hopes it can happen...

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