Business
Infrastructure
Air NZ to tweak 'cattle class', use machine-learning to target individualised fares
By Pattrick Smellie May 27 (BusinessDesk) - Air New Zealand is planning what amounts to a fourth choice of seat on its long haul flights, which will fit between the traditional economy seat and its Premium Economy product. While it doesn't yet have a name - Economy-Comfort...
Finance
ComCom investigates BNZ over CCCFA disclosure breaches
By Jenny Ruth May 27 (BusinessDesk) - The Commerce Commission has told Bank of New Zealand it has commenced an investigation into BNZ’s compliance with particular disclosure requirements under the Credit Contracts and Consumer Finance Act 2003. BNZ discloses the investigati...
Finance
Motor Trade Finance profit falls as Turners takes more business in-house
By Paul McBeth May 27 (BusinessDesk) - Motor Trade Finance reported a 2.6 percent decline in first-half profit as the auto lender wrote less business with Turners Automotive Group. Net profit fell to $4.2 million in the six months ended March 31, from $4.3 million a year e...
Infrastructure
Air NZ profit warning follows plane upgrade announcements
By Pattrick Smellie May 27 (BusinessDesk) - High aviation fuel prices have knocked up to $60 million off Air New Zealand's forecast pre-tax profits in just two months. The airline has dropped guidance for earnings this financial year to bottom of its previously announced ra...
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