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

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)
Dan Brunskill
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...

More Markets

Rakon shoots for the stars with satellite contracts
Markets

Rakon shoots for the stars with satellite contracts

High-tech firm says it has bids in for up to 10 new satellite contracts.

More scope for KiwiSaver private investment, despite IMF's Aussie concerns
Markets

More scope for KiwiSaver private investment, despite IMF's Aussie concerns

Australian pension funds have more than 20% of funds in private assets on average.

The invisible chair: Wayne Boyd
Finance

The invisible chair: Wayne Boyd

One of NZ's best, lowest-profile directors reflects on a career in governance.

Last carbon auction of 2024 picked to partially clear
Markets

Last carbon auction of 2024 picked to partially clear

The $64 floor price could attract bidders and raise money for the Govt.