Air NZ carrying out review in face of falling profits

Air New Zealand could be in for a hard landing, as the CEO carries out a strategic review in the face of rising costs and falling profits. The national carrier posted a $40 million loss for the six months ended December. That's compared to a $106 million profit for the same period the year before. It is still blaming severe disruption caused by delays to unscheduled engine maintenance grounding up to eight planes, plus fuel and operating costs. Air New Zealand chief executive Nikhil Ravishankar spoke to Lisa Owen.