Business
Air New Zealand boss says no trans-Tasman flights until March – Sydney Morning Herald
‘I never got to experience Air New Zealand in anything but a crisis,’ says Foran in his first major interview with an Australian publication.
Air New Zealand has been hit especially hard because it makes two-thirds of its earnings from international flying, which will remain shut off long after domestic travel has returned. That compares to one-third at Qantas.
The airline has laid off 4100 of its 12,500 employees since February with another 385 cabin crew jobs on the chopping block. And after falling to its first financial loss since 2002 $NZ454 million ($416 million) in the red it is tapping into a $NZ900 million loan from the New …
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