Auckland Airport is putting the brakes on building its planned new northern runway.

Profits at Auckland International Airport fell 63pc, but after adjusting for property revaluations and restructuring costs, underlying net profits rose 2.1pc.

Airline apologises for computer glitch showing hugely inflated prices.

National carrier Air New Zealand has unveiled a big slump in annual profits.

One of Air New Zealand's top executives, Norm Thompson has been named by an Australian newspaper as being one of the participants in an alleged trans-tasman cargo cartel.

Passengers travelling across the Tasman could clear customs and immigration in less than 10 minutes under new electronic systems.

Changes could be in place by Christmas.