
Air NZ slashes Australia flights by 80%
Slumping demand and travel restrictions mean services are pared back or suspended.
Slumping demand and travel restrictions mean services are pared back or suspended.
The interim dividend of 11c has also been cancelled.
Expert makes the dramatic prediction as countries lock down their borders.
Up to 30 per cent of Air NZ staff face losing their jobs as travel dries up
An analyst says the Government is likely to be called in to help prop up the airline.
The airline is working with the Government and unions as the crisis deepens.
Air New Zealand is battling to manage the surge in customer calls.
The strict restrictions left room for some Kiwis to continue doing their jobs.
The Government's tightened restrictions leave workers with an uncertain future.
This comes a month after the company cut its annual earnings guidance by $5m.
But one NZ agent says there are signs businesses have plans to resume travel.
Hundreds of trips will need to be rebooked by agents.
Staff are being redeployed around the business.
Union leaders were shown the bleak demand picture at a meeting yesterday.
COMMENT: Reasons behind salary sacrifices are bad news in the long run for passengers.
Photos show the multimillion-dollar headache facing airlines around the world.
The airline is slashing capacity, grounding superjumbos as it rides the storm
Greg Foran started in Air NZ's top job on February 3 - as the Covid-19 crisis hit
Analysts say the market may have over-reacted to the financial threat to listed companies.
Market Watch: A big fall and increased volatility bring new opportunities for investors.
New York Times: David Calhoun lays the blame for the 737 Max crisis on his predecessor.
This is the worst financial hit facing Air NZ since 2001 but it's a different airline now.
Staff have been asked to self-isolate for 14 days "as a precaution".
Air New Zealand is making further cuts to domestic, trans-Tasman, and Asian services.
Collapsing demand is forcing airlines to cut routes around the world.
Some airlines are reporting 50 per cent passenger no shows, scores of planes grounded.
The agency confident of promoting this country into Germany after expo's cancellation.
The SOE outlines details of its drone detection system and when digital towers will open.
With the China visitor market plunging Australia, Britain and the US will get a boost.
Flight Centre NZ has been working closely with concerned customers.