Air New Zealand well equipped for Tasman bubble 'hiccup,' says Foran

Air New Zealand is down by about 20 flights a day while the travel bubble is on hold, and the company plans to relocate its headquarters, CE Greg Foran says. Cabinet met on Monday and agreed to extend Wellington's alert level 2 status until 11.59pm Tuesday evening. The pause on quarantine-free travel was also extended to all of Australia, and will last for the same duration. Air NZ CE Greg Foran said that the 'hiccup' was causing plenty of disruption for customers and the airline. He said the airline had been doing about 30 flights a day but that had dropped back to about 10 a day. "We're still running a cargo business and in terms of the financial impact that's something that we'll just work through, it's a bit early to tell exactly what that's going to be until we get some sense of how long this is going to continue." He estimated flights across the Tasman made about 15 to 20% of the company's revenue. <br/>