Qantas’s struggling international operations and weakness in the local domestic market has pushed the airline into the red to the tune of a $2.843 billion full year net loss. The result for the 12 months to June 30 2014, was much worse than market consensus of an $828 million full year loss, according to a median
Air New Zealand’s jet fleet will remain stable at 51 aircraft in 2014/15, with seven new deliveries to be offset by the retirement of seven ageing aircraft. New jet aircraft to arrive in the current financial year includes two Boeing 787-9 Dreamliners, one Boeing 777-300ER and four narrowbody Airbus A320s. They will replace two 747-400s
Australia’s largest travel group says the cheapest advertised fares to the top 10 international destinations are down a little over three per cent from a year ago as airlines compete for passengers amid a soft leisure market and weak consumer confidence. Flight Centre’s analysis showed ticket prices to Asia and Europe had fallen over the
Air New Zealand chief executive Christopher Luxon says the Kiwi carrier is planning for further growth across the Tasman even as a stronger Kiwi currency affects the market. Luxon says Australia was an important source of future growth for the airline, which on Wednesday reported a 45 per cent lift in net profit for 2013/14 to $NZ262
Jetstar has taken delivery of its seventh Boeing 787, with the arrival of VH-VKG in Cairns on Tuesday afternoon. Operating as JQ7992, the aircraft departed Paine Field at 10:26am on Monday, touching down in Cairns 13 hours and 47 minutes later at 5:13pm on Tuesday. VKG’s arrival comes barely a week after the airline’s sixth
Air New Zealand has posted a strong rise in full year net profit and expects to grow capacity and profits in 2014/15. The Kiwi flag carrier reported net profit after tax of $NZ262m ($A235m) for the 12 months to June 30 2014, up 45 per cent from $NZ181 million in the prior corresponding period. It
