Air New Zealand could grow domestic business by 20%-30% -CEO By Reuters2 min read

"imgCarousel" class="imgCarousel">
© Reuters. An Air New Zealand plane is seen taxiing from the international terminal at Sydney Airport, as countries react to the new coronavirus Omicron variant amid the coronavirus disease (COVID-19) pandemic, in Sydney, Australia, November 29, 2021. REUTERS/Loren

SYDNEY (Reuters) -Air New Zealand Ltd has the potential to grow its domestic business by 20%-30% from pre-pandemic levels over the next few years, its chief executive said on Tuesday.

“We’ve got a terrific domestic business here in Air New Zealand and we see an opportunity to grow that more,” Air New Zealand Chief Executive Greg Foran said at a CAPA Centre for Aviation event.

He said the airline’s domestic capacity, now running at about 40% of pre-COVID levels, should begin to recover starting next week as travel curbs on its biggest city, Auckland, are eased.

Before Auckland was locked down over an outbreak of the Delta variant, capacity had returned to 90% of pre-COVID levels.

New Zealand’s international borders remain closed and the country will require travellers to isolate at home or a hotel for seven days on arrival when the country opens to foreigners on April 30..

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Get more stuff like this

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.

Leave a Reply

I accept the Privacy Policy

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.

Pin It on Pinterest

Share This