Air New Zealand has announced it is to review its long haul route network, which it says is losing NZ$1m (A$800,000) a week. “International markets remain volatile and this has an impact on the demand for New Zealand as a destination,” Air NZ CEO Rob Fyfe said yesterday in announcing the airline’s profit results. “This
Virgin Australia has revealed the first stage of its relaunched Velocity frequent flyer program with a number of new features, in a bid to become a more viable alternative to Qantas’s long standing Frequent Flyer program. “In reviewing the Velocity program, we were keen to make it easier for frequent flyers to earn points and
Air New Zealand has recorded a 45 per cent drop in profit before tax to NZ$75m (A$59.5m) for the 2010-11 financial year, on the back of the Christchurch earthquake and Japan tsunami natural disasters and high fuel prices. While recording a solid first half year profit of NZ$112m (A$89m), a second half loss of NZ$37m
Virgin Australia has posted a net loss after tax of $67.8 million for the 2010-11 financial year, a figure not only in line with its earlier forecasts and a reflection of the impact of the Queensland floods and cyclone natural disasters, but one that masks the fact the airline is confident its ‘Game Change’ strategy
Cairns based MRO Hawker Pacific Airline Support Services (HPASS) has become the first company in Australia to be awarded the new Civil Aviation Safety Regulations Part 145 approval certificate, after it was introduced by CASA in June this year. The approval enables Hawker Pacific to conduct maintenance of regular public transport (RPT) aircraft and their
Regional Express executive chairman Lim Kim Hai says he is optimistic about the airline’s outlook despite it reporting an eight per cent decline in profit before tax for the 2011 financial year to $24.1 million. For the year ended June 30, which Lim described as “extremely challenging” due to “spiralling” fuel costs and the impact
