16 Mar 2020

Air New Zealand in share trading halt

From Nine To Noon, 9:09 am on 16 March 2020

Air New Zealand has placed itself into a share-trading halt today to allow it to thoroughly assess the operational and financial impacts of global travel restrictions. It says it is further reducing capacity across its network as Covid-19 affects travel demand. It also says the airline will be a smaller airline requiring fewer resources, including fewer people. Air New Zealand is to reduce long-haul flights by 85 percent over the coming months. Andy Bowley, an aviation analyst at Forsyth Barr