The New Zealand government announces additional funding for regional airlines through the Regional Infrastructure Fund to stabilise essential air routes and support regional economic and social connectivity amid rising fuel costs and commercial uncertainty.
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Now, of course, we have more bad news for Air New Zealand. The airline is now forecasting a full year loss of close to 400 million dollars. This is obviously driven by the war in Iran and related fuel costs. Nickel Ravashanka is Air New Zealand's CEO and with us. Hi Nickel Hiya. Hey, thanks for coming in. I'm well, thank you. It can't be much fun at the moment, is it?
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built-in cash reserves as a response to crisis volatility
Nikhil Ravishankar: Air New Zealand CEO on the airline expecting a $390 million loss amid ongoing fuel crisisproviding stability amid rising fuel costs and financial risk
James Meager: Associate Transport Minister on the Government's plans to modernise aviation rulesSpotted something wrong on this page? Report a correction.
