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ITC Industry News Bulletin #21

Posted on 08/10/2015 by
Air New Zealand dominates headlines this week, reporting strong growth and winning national recognition at the Tourism Industry Awards.

Air New Zealand dominates headlines this week, reporting strong growth and winning national recognition at the Tourism Industry Awards.

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Air New Zealand

Air NZ in its best ever shape

According to businessman Mark Lister, the head of private wealth research at Craigs Investment Partners, Air New Zealand is currently faring extremely well, despite increased competition, capacity increases and other challenges.

“There’s a lot of things that have just gone their way, in terms of fuel prices, tourism trends and the domestic economy,” Mr Lister told the New Zealand Herald.

“But they’ve also made some great progress themselves among the things they can control in terms of fine-tuning routes and making sure they’ve got capacity where they need it, improving the fleet and doing what they can about competition.”

Air New Zealand held its AGM in Auckland yesterday afternoon (Wednesday October 7) and is forecasting strong growth over the next 12 months.

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