The Commerce Commission has recommended a $7.5 million fine for Air New Zealand in its price-fixing case before the High Court.
A major turnaround in the hedging of the New Zealand dollar helped Air New Zealand lift its operating profit by 28% in the six months ending December.
There appears to be only a very slender chance another company will step in immediately to maintain a daily air service between Wanaka and Christchurch once Air New Zealand's Eagle Air pulls out at the end of January.
Three part-time jobs at Wanaka Airport will be lost when Eagle Air suspends its daily Wanaka-Christchurch flights from January.
Wanaka Tourism and business leaders last night expressed disappointment over Air New Zealand subsidiary Eagle Air's decision to suspend its Wanaka-Christchurch service from January.
Air New Zealand has slammed a 78% rise in Dunedin International Airport user charges as profiteering at the expense of passengers.
Air New Zealand was being prudent in reviewing its operations in a volatile market place, Forsyth Barr head of research Rob Mercer said yesterday.
Air New Zealand has cut its domestic fares and introduced nationwide standby flights in an effort to get more Kiwis flying.
Earthquakes, rising fuel costs and declining demand for international flights are all expected to contribute to an estimated 17%-36% decline in after-tax profit for the national carrier, Air New Zealand.
Air New Zealand resumed flights to Queenstown yesterday, with one from Auckland arriving at midday.
Air New Zealand is flying high with customers and sharebrokers as it continues to fly its passengers while Qantas and other airlines keep their planes grounded.
Qantas and Jetstar flights from Australia were still grounded yesterday as the rising Chilean volcanic ash cloud continued to disrupt the carriers' flight paths.
Air New Zealand and the Wanaka Chamber of Commerce squared off yesterday at the Wanaka Airport plan change hearing on just how big Wanaka Airport could be in 20 years' time.
About 50 Auckland and Hamilton mums, their 80 relatives and well-wishers descended on Queenstown for a specially themed Air New Zealand flight to celebrate Mothering Sunday and New Zealand Music Month yesterday.
Air New Zealand is still regarded as having good earnings potential despite rising fuel prices, Forsyth Barr broker Suzanne Kinnaird said yesterday.
Air New Zealand has reported a strong start to the financial year on the back of growing passenger numbers, cargo volumes and yields, but brokers fear its performance could be hit by the Christchurch earthquake.
The proposed transtasman alliance between Air New Zealand and Virgin Blue could rest on a decision expected soon from Transport Minister Stephen Joyce.
Without the Star Alliance, New Zealand would be a "poorer nation", Air New Zealand chief executive Rob Fyfe said yesterday.
Queenstown business operators have been urged to help Air New Zealand with the "very serious issue" of attracting visitors for the 2011 Rugby World Cup.