Ongoing maintenance is hurting Air New Zealand's bottom line
Ongoing maintenance is hurting Air New Zealand's bottom line
20 September 2024
The 51 percent Government-owned airline has 10 of its aircraft out of action, due to engine issues.
Air New Zealand Chief Executive Greg Foran, says this, paired with an increasingly competitive market, means international routes aren't earning enough to cover the cost of capital.
He says it's resulting in profits being around 300 million less than the previous year.
© 2024 Newstalk ZB, NZCity
