Andy Bowley
Midday Business News for 13 June 2022
News from the business sector, including a market report with Nicholas Pointon. Audio
Business News for 28 August 2020
News from the business sector, including a market report. Audio
Air NZ posts $454 million loss and faces an uncertain future
For the first time since 2002 Air New Zealand has posted a 454 million dollar loss. Aviation analyst with Forsyth Barr, Andy Bowley, talks to the panel about the industry's uncertain future. Audio
Air New Zealand in share trading halt
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… Audio
Air NZ cancels earnings guidance amid industry uncertainty
Air New Zealand's shareprice has hit a three year low this morning after it scrapped its earnings guidance because of the rapidly changing effect of the Covid-19 virus on airlines. Audio
Covid-19: Expert warns more flights could be cancelled
If Covid-19 is not contained over the next few weeks, an industry analyst is predicting more international flights will be cancelled.
Air New Zealand, China Southern, Sichuan Airlines, Air China… Audio
Air NZ names Walmart boss as new CEO
Air New Zealand has named the head of major retail chain Walmart's US operations as its new chief executive. Audio
Air NZ to gain from Jetstar's departure from regions
Air New Zealand is promising it won't hike regional airfares on routes that Jetstar is abandoning until the end of 2020. From November, Jetstar is stopping flights between Auckland and Nelson, Napier… Audio
Industry profits to come under pressure as tourism numbers slow
A slowdown in the growth of inbound tourism is expected to drag down sector earnings over the next few years. Audio
Air NZ's profit warning sounds an alarm for industry
Air New Zealand's profit downgrade and flagging of softening growth in tourist demand may have some implications for the broader sectror. Audio
US tax changes to benefit NZ companies with operations there
The Trump administration may be trumpeting the success in getting its tax package passed by Congress, but some New Zealand companies may also benefit from the cut in United States tax rates. Audio
Analyst says Air NZ conservative in profit forecast
Meanwhile, the head of research at broking house Forsyth Barr, Andy Bowley, says Air New Zealand is probably being conservative in its forecast of pre-tax earnings of more than 800-million dollars in… Audio
Auckland Airport aims to build second runway as demand soars
Shares in Auckland International Airport hit an 11 year high on Friday, gaining close to 8 perent as it reported a 25 percent lift in its profit and raised its forecast by more than 10 percent . Audio
Fletcher Building's Higgins deal seen as good strategic move
New Zealand's largest construction company, Fletcher Building, is on the look out to buy more strategic assets after adding the Higgins Group road construction and maintenance company to its… Audio
Mainfreight shares fall after update signals slower growth
Shares in Mainfreight have fallen almost 1-and-a-half percent after the transport and logistics company indicated slower annual earnings growth. Audio
Port of Tauranga posts a flat first-half
A big drop in log volumes has led to a flat half year profit for Port of Tauranga, and it has lowered its full-year forecast profit to be also little changed. Audio
Fletcher's Australian operations expected to hit first-half result
Fletcher Building's first half eanings result is expected to show a strong New Zealand performance somewhat diminished by difficult trading conditions in Australia. Audio
Analyst: Air NZ's December operating statistics are robust
An analyst says the latest figures underline Air New Zealand's robust performance, although they also indicate the airline is facing increased competition on long haul routes. Audio
Air NZ's domestic market gives it an advantage over Qantas
Air New Zealand's small domestic market is proving to give it an advantage over Australia's Qantas airline. Audio