Air New Zealand, CEO, Greg Foran, at the CAPA Australia Pacific Aviation Summit 2023
Air New Zealand, CEO, Greg Foran, spoke to CAPA TV at the CAPA Australia Pacific Aviation Summit 2023 in Brisbane about latest industry trends and company developments.
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Transcript
Greg Foran:Look, we've had certainly probably the best year that we've ever, ever had on the Tasman, you know, last year. And not surprising, you know, we'd been locked down for 2+ years and, you know, a bit less competition. So it's been terrific. Coming off a little now, not surprisingly, a bit more competition on there, a few more players. And also customers finding a few more different places to fly to. So it's still good, but not quite as strong as what it was a year ago. Look, I think it's going to really change quite dramatically, particularly in about 3 months' time, you know, as we get into November, December. And what we're seeing there is considerably more capacity coming in and a lot more from the United States, as you've mentioned. I wonder how much of that is due to some of the situation with China and some of the geopolitics that are playing out. But I expect that to be very sporty for a period, which is going to be interesting. Higher fuel prices. It's a long way to fly. So we'll see how it pans out. But, you know, between November, December, January, February, there's a lot of extra seats available right through. What are some of the key trends that you're seeing in the industry?
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