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.
Air New Zealand could ‘quickly' be back in black
You may also be interested in the following articles...
South Pacific aviation markets will be defined by China’s expansion
The nature of the South Pacific's geography makes finding the right partners for its airlines essential for their survival in international long haul markets – as most are.
The region is characterised by relatively liberal access regimes and by partnerships of varying levels – in New Zealand especially, where Air New Zealand’s international network is dominated by JVs. Virgin Australia has built a ‘virtual alliance’ alongside HNA, Singapore Airlines, Etihad and Delta, with very little of its own metal flying outside Australia. At Qantas Group, international performance has improved markedly following its Emirates partnership, as its operating focus has shifted from Europe toward Asia and North America, with local JVs, and close partnerships with American Airlines and China Eastern continuing to grow and mature.
For all airlines in the region, the China market will define much of the growth over the coming decade. (This report is taken from the Jul/Aug-2016 issue of CAPA's Airline Leader)
Air NZ, China Eastern, Malindo, PAL, Spring, BOC’s Martin, Mactan-Cebu win CAPA Asia Pacific awards
China Eastern Airlines, Malindo Air, Philippine Airlines and Spring Airlines scooped the airline awards at the 2016 CAPA Asia Pacific Aviation Awards for Excellence, held on 15-Nov-2016 in Singapore as part of the 2016 CAPA Asia Aviation Summit. BOC Aviation CEO Robert Martin received the executive award, while Mactan-Cebu was the airport winner and Air New Zealand won in the innovation category. Spring Airlines founding CEO and chairwoman Zhang Xiuzhi was recognised with the CAPA Legends Award (CAPA Hall of Fame).
Now in its fourteenth year, CAPA’s Aviation Awards for Excellence are intended to reward airlines and airports that are not only successful but have also provided industry leadership in an always changing environment. At a time of industry upheaval, our winners are adopting strategies that offer new directions for others to take.
Initially limited to Asia Pacific and the Middle East, the awards were expanded by CAPA in 2012 to include all regions. This year the Aviation Awards for Excellence were presented at two gala dinners – one for the global industry on 27-Oct-2015, and one for Asia Pacific including the Middle East on 15-Nov-2016.