US EditionAir New Zealand Loses $40m in Six Months
Deputy Prime Minister David Seymour called for the government to sell its 51% stake after Air New Zealand reported a NZ$59 million half-year loss driven by operational delays and cost pressures.
- Air New Zealand posted a bottom-line loss of $40 million for the six months ended December, compared to a profit of $106 million a year earlier.
- Revenue was up just over 1 percent to $3.44 billion, compared to $3.4 billion a year ago.
- Deputy Prime Minister David Seymour has renewed his call for the government to sell its 51 percent stake in Air New Zealand after the airline reported the significant half-year loss.
12 Articles
12 Articles
Is it time for the government to sell its stake in Air New Zealand?
As the national carrier posts a big loss and regional fares continue to soar, politicians are sparring over whether majority public ownership still makes sense, writes Catherine McGregor in today’s excerpt from The Bulletin. To receive The Bulletin in full each weekday, sign up here. Air New Zealand at a crossroads Air NZ has reported a $59m pre-tax loss and a $40m bottom-line loss for the six months to December, a big reversal on last year’s pr…
'Get woke, go broke': Seymour calls for govt to sell Air NZ shares
Deputy Prime Minister David Seymour. Photo: RNZ Deputy Prime Minister David Seymour has renewed his call for the government to sell its 51 percent stake in Air New Zealand after it reported a significant half-year loss.
Air New Zealand – Get Woke, Go Broke
Organisations and countries suffer when they focus on the wrong things. ACT has led the charge for the public service to stop focusing on equity at the expense of outcomes. Air NZ appears to be suffering from the same affliction.
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