The airline says the ongoing softening of its domestic market and a highly competitive North American route could take up to $50m off its full-year profit.
Air New Zealand has signed a deal with Neste for the purchase of nine million litres of sustainable aviation fuel for delivery by the end of the year.
Air New Zealand has cancelled its $400m unsecured Crown Standby Facility two years after it was issued as part of the airline’s recapitalisation package.
The operator taps Dunedin’s Scott Technology to replace Nick Judd.
Intrepid says the results were driven a surge in sales, improved margins and disciplined cost control.
Regulatory action has been disappointing as CEO but he says it is SkyCity’s responsibility to deliver safe gaming.
The divestment ends Tourism Holdings’ ambition to be part of a global peer-to-peer motorhome platform – for now.
The Australasian adventure operator says it saw the most pronounced recovery in Queenstown during the Chinese New Year at its NZONE skydive business.
Airways New Zealand has reported a profit of $13.4m for the half year to December 2023, up from nearly $2.6m during the same period in 2022.
“Our scenic tourism business provided a highlight, with a return to 70% of pre-Covid passenger levels,” says the rail and ferry operator.
It comes after discussions with council-controlled owner CCHL, which said it supports the decision.
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Air NZ’s boss also warns that the airline’s plan to lift domestic airfares could impact leisure travel demand.
The Warehouse Group has sold its outdoor adventure and sports retail brand Torpedo7 business for $1.
The airline’s revenue rises thanks to the ramp-up of international capacity but costs also grow.
Aeronautical income surges thanks to the increase in travel demand.
The Sky Tower recorded a 31% increase in visitation.
The airport says sustained demand for travel to the resort, particularly from Australia, had resulted in “a strong financial performance”.
KMD Brands says its outdoor retail chain Kathmandu has seen softer trading since June 2023 due to a poor winter.
The Women’s FIFA World Cup and a faster-than-expected recovery in the Chinese market has driven revenue at the operator’s tourism division.
The airline says it expects its FY24 earnings to be in the range of $200m to $240m, down from FY23’s $585m.
The company says it could be liable for up to $8m in penalties.
SkyCity Entertainment Group has set aside $79m for a potential penalty arising out of the Australian government’s probe into its Adelaide casino.
The beleaguered operator returns to profit as the deadline looms for submissions on Tūroa’s future, which includes $32m in proposed upgrades.
THL has signed an agreement to acquire Australian RV sales dealership Camperagent RV Centre for A$11.9m (NZ$12.87m).
Napier Port says it saw 20 cruise vessels during the first quarter of its FY24, which covered the three months to 31 December 2023.
The airline says its FY24 earnings will be at the lower end of expectations due to weaker demand and increasing competition.
SkyCity Entertainment Group will pay $204m in compensation to Macquarie Group subsidiary MPF Parking NZ Limited over the casino and hotel operator’s Auckland car park.
SkyCity Entertainment Group now expects its normalised EBITDA for the year to June 2024 to be between $290m and $310m.
The InterCity owner now controls Australia’s nationwide coach operator.
Tourism Holdings has reiterated its target of making $100m in net profit after tax for its 2026 fiscal year.
Skyline has reported a good set of interim results and is is working on “an exciting new opportunity” in Europe.
Millennium & Copthorne Hotels says it is “disappointed” by a $50,000 penalty imposed on the business as a result of breaches of NZX listing rules.
Napier Port revenue has risen $118.4m in the 2023 financial year thanks in part to the return of cruise.
Serko has reported a strong set of interim results following what it calls “high revenue growth” across its divisions.
THL has paid $660,736 for bonus payments to its permanent staff.
Auckland Airport says it has successfully completed a new A$350m ($378m) Australian medium-term notes issue.
Ngai Tahu Tourism has reported an operating surplus of $0.7m for the year to June 2023, up from the $7.6m loss it reported for the previous year.
Horizon by SkyCity will open to guests on 1 March 2024, with bookings now open for the new 303-room hotel.
Tourism Holdings has been shortlisted for Company of the Year in the Deloitte Top 200 Awards.
The operator of the country’s southernmost deepwater port says cruise has made a strong recovery,
SkyCity Entertainment Group has called for the regulation of online gambling in New Zealand to help stamp out fraud and rogue gambling sites.
Qantas becomes the largest international carrier servicing the capital in what it calls “good news for tourism in NZ”.
SkyCity Entertainment Group chair Julian Cook says the company is disappointed it had failed in its obligations at its Adelaide and Auckland casinos.
Auckland International Airport Limited has closed its offer of $250m of unsecured, fixed-rate, six-year bonds.
Auckland International Airport Limited is offering up to $200m of six-year fixed-rate bonds to New Zealand retail and institutional investors.
Tourism Holdings has set a $100m target for its net profit for its 2026 fiscal year.
The Commerce Commission is seeking submissions on Ngāi Tahu Tourism’s proposed acquisition of Queenstown operator KJet.
Auckland Airport says it has increased staff numbers, introduced new border-check lanes, and improved its baggage system to address the issues it has suffered since the country’s borders reopened.
Auckland International Airport Limited is considering an offer of fixed-rate bonds maturing in November 2029 to New Zealand retail investors and to institutional investors.
