• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

Air New Zealand reels from Auckland curbs, Australia bubble loss

October 7, 2021 by David Barret Leave a Comment

October 7, 2021

By Jamie Freed

(Reuters) – Air New Zealand Ltd is operating less than one-third of its usual domestic capacity due to tough COVID restrictions in Auckland and doubts whether a travel bubble with Australia will reopen, the airline’s chief executive said on Thursday.

“We’re running almost 100% outside of Auckland,” Air New Zealand CEO Greg Foran told Reuters in an interview. “It’s a reasonable network but Auckland is literally two-thirds of the domestic network so it’s a pretty significant impact to our business, not having Auckland operating at this stage.”

The airline has said it is burning through around NZ$25 million ($17.30 million) to NZ$35 million of cash a month due to the lockdown in the country’s largest city, which the government says will be scaled back in phases as vaccination rates rise.

The Pacific nation was among just a handful of countries to bring COVID-19 cases down to zero last year and largely stayed virus-free until an outbreak of the highly infectious Delta variant in mid-August frustrated efforts to stamp out transmission.

The closure of a quarantine-free travel bubble with Australia is costing the airline another NZ$20 million to NZ$25 million a month in cash burn.

Foran said it was possible the New Zealand government would treat Australia like any other country in the future when it came to testing and quarantine rules, as is being done now.

“It will be up to the New Zealand government to decide if they going to relax (mandatory quarantine) for people who were vaccinated,” he said. “Maybe they can do isolation at home or maybe hopefully in time they don’t have to do any. But the way it was operating in April, May and June, I’m not convinced it ever returns.”

The company has suspended its earnings guidance for the financial year ending June 30 amid the challenging market conditions.

($1 = 1.4453 New Zealand dollars)

(Reporting by Jamie Freed in Sydney; Editing by Raju Gopalakrishnan)

Source Link Air New Zealand reels from Auckland curbs, Australia bubble loss

David Barret
David Barret

Related posts:

  1. Republican Cheney named as vice chair of U.S. House panel investigating Jan. 6 attack
  2. Point raises $46.5 million for its premium debit card
  3. Onin is trying to fix event planning by combining calendar and chat
  4. S&P 500 on track for worst day in four months

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • A Spinning Island Lake In Argentina Looms Out Of The Swamps Like An Eyeball
  • Mammals Have Evolved Into Ant Eaters 12 Times Since The Dinosaurs Went Extinct
  • Thieving Pulsar Spinning 592 Times A Second Reveals New Understanding Of Where Its X-Rays Come From
  • The Rise And Fall (And Lamentable Rise) Of The “Alpha Male” Myth
  • IFLScience The Big Questions: How Do Black Holes Shape The Universe?
  • North America’s Smallest Turtle Is The Cutest Thing You’ll Find In A Bog
  • “Unambiguous Signal” To Curb Emissions Now: Long-Lost Aerial Photos Reveal Evolution Of Antarctic Ice Shelf Collapse
  • 8 Children Have Been Born With 3 Biological Parents Each After Mitochondrial Transfer
  • First Known Observations Of Matter-Antimatter Asymmetry In Special Particle Decay
  • In 1973, NASA Sent Two Spiders Into Space To See If They Can Spin Webs – And They Learnt A Lot
  • Meet The Many Species Of Freaky Looking “Assassin Spiders” That Only Eat Other Spiders
  • Your Dog’s TV Preferences Might Reveal Their Personality
  • Some Human Gut Bacteria Can Absorb Harmful Toxic “Forever Chemicals” So They Can Be Pooped Out
  • You Could Float Through 10 Countries Before The World’s Most International River Spat You Out
  • Enormous Coronal Hole And Beast-Like Crawling Prominences Dazzle On The Active Sun
  • Dramatic Drone Footage Of Iceland’s Latest Volcanic Eruption Shows An Epic Scene From Hell
  • A Shrimp That Lives In A Tree? Indonesia’s Cyclops Mountains Are Home To Some Seriously Strange Wildlife
  • Is NASA’s Claim That Saturn Could Float On Water Really True?
  • Pangea Proxima: This Is What Planet Earth May Look Like 250 Million Years In The Future
  • The Story Of Dogxim, The Fox-Dog Hybrid That Shouldn’t Have Existed
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version