Air NZ takes steps to address slowing demand growth
Air NZ is adjusting its business plan in response to cooling demand and falling profits, and more changes could follow when the carrier completes a review of its operations. The airline reported a net profit of NZ$152m (US$104m) for the 6 months through Dec 31, its fiscal first half, down 34% from $232m for the same period a year earlier. The carrier “cannot ignore signals” that demand growth is slowing from its previous high levels, CE Christopher Luxon said. In an investor presentation accompanying the results announcement, “weaker than expected” forward bookings for its fiscal second half indicate “a shift in demand dynamics,” the airline said. This is most visible in the domestic and inbound tourism markets, and the carrier is “closely monitoring” other markets. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-03-01/star/air-nz-takes-steps-to-address-slowing-demand-growth
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Air NZ takes steps to address slowing demand growth
Air NZ is adjusting its business plan in response to cooling demand and falling profits, and more changes could follow when the carrier completes a review of its operations. The airline reported a net profit of NZ$152m (US$104m) for the 6 months through Dec 31, its fiscal first half, down 34% from $232m for the same period a year earlier. The carrier “cannot ignore signals” that demand growth is slowing from its previous high levels, CE Christopher Luxon said. In an investor presentation accompanying the results announcement, “weaker than expected” forward bookings for its fiscal second half indicate “a shift in demand dynamics,” the airline said. This is most visible in the domestic and inbound tourism markets, and the carrier is “closely monitoring” other markets. <br/>
