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Air New Zealand could ‘quickly' be back in black

17-Mar-2011 11:04 AM

Air New Zealand CEO Rob Fyfe stated the airline can return to profitability “within months”, without needing to drop routes (BusinessDay.co.nz, 16-Mar-2011). Mr Fyfe, who is currently in Tokyo overseeing the airline’s operations in the country in the wake of the recent disaster, said he plans to move quickly to adjust its schedule to lower demand levels, but would be "very surprised" if it ceased operating any routes. Air New Zealand announced its full-year pre-tax profit could be NZD50 million-60 million below forecasts. "Our concerns are relatively near term, for the next three or four months, then we'll see some improvement in our position looking forward from there," Mr Fyfe said.