Air New Zealand (ASX:AIZ) implement capacity reductions

16Mar

Air New Zealand (ASX:AIZ) implement capacity reductions

 

Air New Zealand (ASX:AIZ) is further reducing capacity across its network as a result of the impact of Covid19 on travel demand.

The airline placed itself into a trading halt today to allow it time to more fully assess the operational and financial impacts of global travel restrictions.

On its long haul network Air New Zealand will be reducing its capacity by 85 percent over the coming months and will operate a minimal schedule to allow Kiwis to return home and to keep trade corridors with Asia and North America open.

Full details of this schedule will be advised in the coming days.

Shares in Air New Zealand (ASX:AIZ) are in a trading Halt – Last traded at $1.57.
 
Copyright 2020 – Finance News Network


Source: Finance News Network

Share this post

Related Posts

19Apr

Magnis Energy Technologies (ASX:MNS) subsidiary receives $110 million in funding

19 Apr 2021 - Imperium3 New York, a subsidiary of Magnis Energy Technologies (ASX:MNS), has received AU$100 million in funding to fast track production at its lithium-ion battery plant.

Read More
07Apr

Cleanaway (ASX:CWY) accused of having unfair advantages with Suez

07 Apr 2021 - Australian waste management company Cleanaway (ASX:CWY) has been accused, by its French competitor Veolia (EPA:VIE), of having unfair advantages in purchasing Suez’s recycling and recovery assets in Australia.

Read More
24Dec

AngloGold Ashanti (ASX:AGG) agrees to sell its interest in the Sadiola Mine

24 Dec 2019 - AngloGold Ashanti (ASX:AGG) with its joint venture partner, IAMGOLD Corporation has agreed to sell their interests in SEMOS to Allied Gold Corp.

Read More
01Dec

Stocks of the Hour: Dalaroo Metals, Electro Optic Systems, Perpetual Resources

01 Dec 2023 - A snapshot of the stocks on the move, featuring Dalaroo Metals, Electro Optic Systems and Perpetual Resources.

Read More
28Jul

Stocks of the Hour: IGO, Rio Tinto & Spark Infrastructure

28 July 2021 - A snapshot of some of the news that broke today, featuring IGO (ASX:IGO), Rio Tinto (ASX:RIO) & Spark Infrastructure (ASX:SKI).

Read More
21Jun

Stocks of the Hour: SILK & Incannex

21 Jun 2021 - A snapshot of company news making headlines for the hour, featuring SILK & Incannex.

Read More
04Feb

ARB (ASX:ARB) announces 7.4% decline in net profit

04 Feb 2020 - ARB (ASX:ARB) expects to report a reduction in net profit after tax of around 7.4 per cent.

Read More
20Sep

Stocks of the Hour: QX Resources, Vintage Energy, Alderan Resources

20 Sep 2023 - A snapshot of the stocks on the move, featuring QX Resources (ASX:QXR), Vintage Energy (ASX:VEN) and Alderan Resources (ASX:AL8).

Read More
05Jan

Santos (ASX:STO) make final investment decision for Bayu-Undan infill

05 Jan 2021 - Santos, (ASX:STO) as operator of the Bayu-Undan Joint Venture, has made a final investment decision for the US$235 million Phase 3C infill drilling program at the Bayu-Undan field in the Timor Sea, offshore Timor-Leste.

Read More
01Sep

Zip Co (ASX:Z1P) completes acquisition of QuadPay

01 Sep 2020 - Zip Co (ASX:Z1P) is pleased to announce that the acquisition of QuadPay, Inc was completed yesterday and the issuance of $200 million in convertible notes and warrants completed today.

Read More