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27 May 2020 13:53
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  •   Home > News > Business

    Air New Zealand is warning its staff it's about to embark on a process to shed 3500 jobs

    Air New Zealand is warning its staff it's about to embark on a process to shed 3500 jobs


    Air New Zealand
    Air New Zealand
    The airline says its revenue will fall from its current $5.8 billion a year to $500 million a year, and it cannot sustain such losses without major cost cutting,

    He says the airline can only get back to anything approaching its current level if Kiwis embrace domestic travel after the Level 4 alert is lifted.

    The airline says it will be much smaller when the crisis is over and it may take many years to get back to its current size.

    © 2020 Newstalk ZB, NZCity


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     26 May: The Earthquake Commission is apologising to customers for the unintended release of claims information
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     Top Stories

    RUGBY RUGBY
    An unofficial Rugby World Cup is being proposed next year, with claims it could raise up to 500 million dollars for a financially beleaguered game More...


    BUSINESS BUSINESS
    The Reserve Bank Governor says banks have a critical role in financial recovery after COVID-19 More...



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