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Aviation aid package: What the industry wants to survive
The Govt will unveil a $600m package as the funding future of Air NZ is worked on.
The Govt will unveil a $600m package as the funding future of Air NZ is worked on.
Air NZ has slashed capacity and is poised for even deeper cuts in its domestic routes.
Air New Zealand CEO Greg Foran discusses the airlines latest response to coronavirus. Video / Supplied
The move is a further blow to the airline which has suffered heavy losses recently.
There are 12 confirmed cases of the virus in New Zealand - all are linked to overseas.
Air New Zealand has activated crisis centres at head office and at Auckland Airport.
Moves to safeguard connections to the world have been welcomed.
Australian carrier says it may use passenger planes for freight operations.
Slumping demand and travel restrictions mean services are pared back or suspended.
Up to 30 per cent of Air NZ staff face losing their jobs as travel dries up
'We just want to get out... it doesn't matter which country we go to'.
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.
The strict restrictions left room for some Kiwis to continue doing their jobs.
Shares in one of the world's biggest carriers fell by nearly 25 per cent.
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.
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
It could be survival of the fittest if the coronavirus crisis worsens.
Analysts say the market may have over-reacted to the financial threat to listed companies.
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 pair had been trying to make a complaint to the cabin staff when things got nasty.
Developments for a new terminal, apron and car-park. Made with funding from NZ On Air.
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