Sharechat Logo

Air New Zealand Limited (NZX: AIR) Welcomes Announcement of Tasman Bubble

Tuesday 6th April 2021

Text too small?

Air New Zealand welcomes the announcement today from the New Zealand Government regarding the commencement of quarantine-free travel from Australia into New Zealand from 19 April.

Air New Zealand Chief Executive Officer Greg Foran says the airline is incredibly excited to have the border reopen to our Aussie neighbours.

“This is terrific news. I know Kiwis and Australians have been wanting to reconnect with family and friends for a year now and we’re incredibly excited to be playing a part in those reunions.”

The airline has been preparing for a trans-Tasman bubble for a few months now, bringing approximately 330 recalled crew back onboard and ensuring they are up to speed with training, along with making sure its international airports and lounges are ready for the influx of customers.

Pre-Covid, Australia has historically been New Zealand’s largest tourism market, and demand for travel between the two countries represented approximately 20% of the airline’s passenger revenue.

Air New Zealand has been operating a skeleton schedule of services to Australia since May 2020. The airline will be re-commencing travel to 9 ports in Australia, with initial capacity at approximately 70% of pre-Covid levels.

Air New Zealand trans-Tasman flights are on sale now.

The airline has previously provided guidance regarding expected cash burn of $45 million to $55 million average for the period through 30 June 2021. The commencement of quarantine-free trans-Tasman travel is expected to improve cash burn, however at this time the airline is not in a position to provide updated cash burn information. As such, the airline’s cash burn guidance has been suspended at this time.

Please see the link below for details:

Air NZ welcomes announcement of Tasman bubble

Source: Air New Zealand Limited



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Ebos Group Limited (NZX: EBO) Retail Offer Oversubscribed
24th January 2022 Morning Report
ArborGen Holdings Limited (NZX: ARB) Updates Market on FY22 Guidance
My Food Bag Group Limited (NZX: MFB) Q3 FY22 Trading Update
ikeGPS Group Limited (NZX: IKE) signs $0.9m deal with tier-1 electric utility
Tower Limited (NZX: TWR) Update on Tonga Volcanic Eruption and Tsunami Event
21st January 2022 Morning Report
Trade Window Holdings Limited (NZX: TWL) TradeWindow and Mastercard teams up
Genesis Energy Limited (NZX: GNE) FY22 Q2 Performance Report
Seeka Limited (NZX: SEK) Seeka announces dividend of 13 cents per share