Loading
23-Aug-2019 9:25 AM

Air New Zealand CEO: FY2019 results reflect 'a significant fuel price headwind'

Air New Zealand outgoing CEO Christopher Luxon (22-Aug-2019) reported the company's FY2019 result of NZD374 million (USD239 million) in earnings before taxation "reflects a significant fuel price headwind", temporary impacts of "the global Rolls-Royce engine issues on some of our operational costs and as we observed in the second half of the financial year, slowing demand growth". Mr Luxon noted the company is "uniquely positioned to observe changing demand trends due to our forward bookings profile" and while the carrier has "not seen any further downward shift, we are taking the necessary steps to adjust our business". [more - original PR]

Want More News Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More