SYDNEY: Air New Zealand Ltd said on Thursday its new chief executive had launched a comprehensive strategic review of its business after the airline announced its fourth consecutive fall in first-half earnings.
It said capacity would rise by 1.5%-2.5% for the full year ending June 30, down from an earlier plan of 4%-5% as it slashes domestic and international flights due to weaker demand as a result of the coronavirus, which it on Monday estimated would hit earnings by NZ$35mil to NZ$75mil.
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