Coronavirus: Airline shares plunge, plea for govt help
Shares in one of the world's biggest carriers fell by nearly 25 per cent.
Shares in one of the world's biggest carriers fell by nearly 25 per cent.
Travel agent says store closures are limited to Australia.
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.
Repair work done on the choppers' engines was not approved by their maker Rolls Royce.
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.
Plane forced to land on Invercargill beach with fuel issues.
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.
The airline has also slashed network capacity by about 10% for the next three months
Analysts say the market may have over-reacted to the financial threat to listed companies.
The plane has made an emergency landing into mudflats near Motueka.
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.
Collapsing demand is forcing airlines to cut routes around the world.
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.
The agency didn't even exist a year and a half ago.
Airlines are discounting travel on routes where people are happy to fly as others dry up
The company has also cut its dividend.
There's a big difference with Air NZ's latest safety video.
New chief executive also explains aims of 'directed diagnostic' of the business.
The airline maintains its 11c dividend and shares bounce in early trading.
Airline has spent 3 years developing what it is hoping will revolutionise Economy class.
Airlines and the travel industry need to use this crisis wisely.