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Auckland Council to consider selling airport stake, $2bn could be raised – mayor
2 Dec 2022  

Auckland Council to consider selling airport stake, $2bn could be raised – mayor

Mayor Wayne Brown says the sale of the stake could raise $2bn and cut planned rates rises by a third.


THL completes Apollo merger on eve of ASX listing
1 Dec 2022   /

THL completes Apollo merger on eve of ASX listing

THL and its controlled entities now hold all of Apollo’s shares, and it has also completed the divestment of assets to Jucy, required under the deal.


Air NZ redeems $200m of Crown shares
29 Nov 2022  

Air NZ redeems $200m of Crown shares

Air New Zealand has redeemed the remaining $200m of redeemable shares on issue to the Crown.


THL, Apollo CEOs to join board, C-suite review under way
24 Nov 2022   /

THL, Apollo CEOs to join board, C-suite review under way

Apollo’s CEO will be in charge of finding further M&A, as THL casts an eye over executive role duplication.


Strong business travel bookings drives Serko income up but profit falls
23 Nov 2022  

Strong business travel bookings drives Serko income up but profit falls

Total travel booking volumes rose 73% to 2.3 million from 1.3 million and online travel bookings increased 75% to 2 million from 1.1 million.


“At last, Covid disruption slowly dissipating” – Skyline interim profit jumps 44%
22 Nov 2022  

“At last, Covid disruption slowly dissipating” – Skyline interim profit jumps 44%

The Queenstown-based group says all of its lead indicators point to a strong summer of trading.


150 trade creditors owed nearly $1m by RAL
22 Nov 2022  

150 trade creditors owed nearly $1m by RAL

The trade creditors collectively comprise the fourth largest group owed money by the beleaguered ski field operator.


Last legal hurdle cleared for THL takeover of Apollo
18 Nov 2022   /

Last legal hurdle cleared for THL takeover of Apollo

Tourism Holdings Limited and Apollo Tourism & Leisure have secured the last legal approval required for their merger.


Apollo shareholders approve THL takeover
14 Nov 2022   /

Apollo shareholders approve THL takeover

Apollo Tourism & Leisure’s shareholders have voted in favour of Tourism Holdings’ takeover.


SkyCity secures US$125m in debt facilities
7 Nov 2022  

SkyCity secures US$125m in debt facilities

SkyCity Entertainment Group Limited has entered into an agreement with two of its existing United States private placement holders to secure additional financing.


THL’s Discover Waitomo, KiwiEx back in the black in FY23
2 Nov 2022   /

THL’s Discover Waitomo, KiwiEx back in the black in FY23

Tourism Holdings Limited expects its New Zealand tourism division to return positive earnings this fiscal year after two years of losses.


RAL secures $4m emergency loan from MBIE, ANZ
1 Nov 2022  

RAL secures $4m emergency loan from MBIE, ANZ

An emergency loan of $4m has been provided to Ruapehu Alpine Lifts to allow it to prepare for next year’s ski season.


Wellington Airport interim profit jumps as internationals return
31 Oct 2022  

Wellington Airport interim profit jumps as internationals return

Wellington International Airport Limited has reported net profit after tax of $11m for the six months ended 30 September 2022, up from the $2.9m reported for the same period last year.


SkyCity: Strong start to FY23 as earnings beat pre-Covid
28 Oct 2022  

SkyCity: Strong start to FY23 as earnings beat pre-Covid

The Auckland-based operator is holding its virtual annual meeting of shareholders today, positive about the tourism recovery but cautious about the rest of the fiscal year given the global economic uncertainty.


KiwiRail’s tourist trains suffer Covid low of $3.5m revenue
26 Oct 2022  

KiwiRail’s tourist trains suffer Covid low of $3.5m revenue

KiwiRail will be hoping for a strong rebound in its tourist trains business after revenue fell to $3.5m for the year to June 2022 – the lowest recorded during the pandemic .


Ruapehu Alpine Lifts owes $44.3m – report
21 Oct 2022  

Ruapehu Alpine Lifts owes $44.3m – report

Ruapehu Alpine Lifts owes $44.3m, according to a report from the voluntary administrators.


Auckland Airport lifts profit guidance on stronger rebound
20 Oct 2022   /

Auckland Airport lifts profit guidance on stronger rebound

The operator now expects a full recovery in passenger numbers in calendar 2024.


Air NZ opens $75m bond offer, can accept another $25m
17 Oct 2022  

Air NZ opens $75m bond offer, can accept another $25m

Air New Zealand Limited has launched a $75m bond offer with the ability to accept oversubscriptions of up to an additional $25m.


Who has bought YHA NZ’s nine hostels? Here’s our pick…
14 Oct 2022   /

Who has bought YHA NZ’s nine hostels? Here’s our pick…

Has an Australian-backed venture with Kiwi connections secured the coveted portfolio?


RAL goes into voluntary administration
12 Oct 2022  

RAL goes into voluntary administration

Covid disruption and a particularly poor season this year places the operator under significant cashflow pressure.


THL lifts FY23 profit guidance to $30m
12 Oct 2022  

THL lifts FY23 profit guidance to $30m

Earlier guidance from August 2022 expected net profit to range between $17m – $30.2m.


THL spends $10m to take full control of UK jv, clears another Apollo deal hurdle
6 Oct 2022   /

THL spends $10m to take full control of UK jv, clears another Apollo deal hurdle

THL bought a 49% stake in the business in 2015 for £1.74m (NZ$3.96m) when the company had 130 motorhomes.


Auckland Airport completes $150m issue for refinancing, liquidity
5 Oct 2022  

Auckland Airport completes $150m issue for refinancing, liquidity

Auckland Airport has completed an issue of $150m of floating rate notes to help refinance and provide liquidity.


TIA income falls as Covid impacts membership
3 Oct 2022  

TIA income falls as Covid impacts membership

Tourism Industry Aotearoa has posted total income of $2.43m for the year to March 2022, down 15% on last year.


Scenic services, Interislander hurt by pandemic – KiwiRail
3 Oct 2022  

Scenic services, Interislander hurt by pandemic – KiwiRail

KiwiRail has reported a surplus of $133.9m for the year to 30 June 2022 in what it called a difficult operating environment.


Jucy: THL, Apollo merger accelerates our growth “by up to four years”
30 Sep 2022   /

Jucy: THL, Apollo merger accelerates our growth “by up to four years”

The campervan company says the deal will lead to new jobs and increase its locations across Australasia.


Aus competition watchdog clears THL, Apollo deal
29 Sep 2022   /

Aus competition watchdog clears THL, Apollo deal

“We now have much greater confidence that the merger will proceed,” says Tourism Holdings chair Cathy Quin.


It’s been a long haul, but we’re “far more positive” – Webster on THL’s Apollo deal
28 Sep 2022   /

It’s been a long haul, but we’re “far more positive” – Webster on THL’s Apollo deal

Thursday’s decision from Australia’s competition watchdog could mark the start of a new phase for the operator.


ComCom clears THL to acquire Apollo
23 Sep 2022   /

ComCom clears THL to acquire Apollo

Tourism Holdings and Apollo clear the first of two competition hurdles with the deal now dependent largely on Australia’s watchdog.


THL, Apollo line up $45m sale to Jucy
23 Sep 2022   /

THL, Apollo line up $45m sale to Jucy

The operators will sell 310 of Apollo’s motorhomes in NZ and Australia to secure merger approval, with a ComCom decision expected today.


Air NZ sees strong sales, guides interim earnings up to $275m
21 Sep 2022  

Air NZ sees strong sales, guides interim earnings up to $275m

Air New Zealand says it saw strong forward sales over the first three months of its current fiscal year, particularly for travel through to January 2023.


Tourism recovery key factor in growth – KMD Brands
21 Sep 2022  

Tourism recovery key factor in growth – KMD Brands

KMD Brands says the tourism recovery will help drive further growth following sales for the year to July 2022 of $969.8m, up 6.2% on the previous fiscal year.


Air NZ: No merger talks underway
16 Sep 2022   /

Air NZ: No merger talks underway

Air New Zealand says it has not been approached and is not in discussions with any parties regarding a potential merger.


THL, Apollo promise 80% sale of Aus motorhomes to Jucy
7 Sep 2022   /

THL, Apollo promise 80% sale of Aus motorhomes to Jucy

Tourism Holdings and Apollo Tourism & Leisure have offered a court-enforceable undertaking to sell most of the latter’s Australian fleet, says the Australian Competition and Consumer Commission (ACCC).


NZ tourism’s top paid CEOs – did Covid cut their pay?
6 Sep 2022  

NZ tourism’s top paid CEOs – did Covid cut their pay?

The pandemic hurt the industry but how have tourism’s top pay packets fared? Not badly at all in some cases.


International numbers surge, domestic drops – Christchurch Airport
5 Sep 2022  

International numbers surge, domestic drops – Christchurch Airport

The operator is investigating a private placement to help refinance, while boss Malcolm Johns nears the $1m CEO club.


EVENT’s Jucy Snooze, Latimer takeovers – how much did it pay?
31 Aug 2022   /

EVENT’s Jucy Snooze, Latimer takeovers – how much did it pay?

EVENT Hospitality & Entertainment has revealed how much it had paid for taking 100% ownership of Jucy Snooze and its phased takeover of Rydges Latimer Christchurch.


Bluebridge owner reports revenue, profit jump
31 Aug 2022   /

Bluebridge owner reports revenue, profit jump

Bluebridge Cook Strait Ferries owner StraitNZ Holdings has reported a net profit of $17.15m for the year to March 2022, up 64% from the previous period.


THL to revive KiwiEx, tourism business suffers another loss
26 Aug 2022   /

THL to revive KiwiEx, tourism business suffers another loss

CEO Grant Webster calls on the government to invest more in Tourism New Zealand.


Air NZ loss widens to $725m, revenue rises to $2.7bn
25 Aug 2022  

Air NZ loss widens to $725m, revenue rises to $2.7bn

Passengers numbers fell 10%, impacted by Auckland’s long Delta lockdown.


SkyCity falls to $34m loss, notes strong post-lockdown performance
25 Aug 2022  

SkyCity falls to $34m loss, notes strong post-lockdown performance

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Auckland Airport profit falls 59%, reports second ever underlying loss
18 Aug 2022  

Auckland Airport profit falls 59%, reports second ever underlying loss

The airport operator says it expects underlying profit after tax next year of between $50m and $100m.


…while Queenstown Airport restarts dividend despite profit fall
18 Aug 2022  

…while Queenstown Airport restarts dividend despite profit fall

Queenstown Airport Corporation’s profit after tax fell to $1.08m for the year to June 2022, down 34% on the previous fiscal year.


Millennium & Copthorne reports interim loss, revenue fall from hotels
11 Aug 2022   /

Millennium & Copthorne reports interim loss, revenue fall from hotels

The group says hotel operations in NZ “are still challenging” with competition for skilled labour intense for the foreseeable future.


Jucy unveils $40m expansion as Next takes majority stake
9 Aug 2022   /

Jucy unveils $40m expansion as Next takes majority stake

The operator plans to buy 1,000 new vehicles to meet expected demand, which is returning much faster than expected.


Skyline profit tumbles, revenue rises
1 Aug 2022   /

Skyline profit tumbles, revenue rises

Skyline Enterprises has reported a pre-tax profit of $34.98m for the year to March 2022, down 51% from the $68.67m reported last year.


THL, Apollo push out deal deadline to tackle competition concerns
29 Jul 2022   /

THL, Apollo push out deal deadline to tackle competition concerns

Tourism Holdings Limited and Apollo Tourism & Leisure have agreed to extend the final date for a proposed merger deal to 15 October.


KMD Brands expects FY22 sales of up to $965m
14 Jul 2022  

KMD Brands expects FY22 sales of up to $965m

KMD Brands says its total sales are expected to be in the range of $955m – $965m for the year ending 31 July 2022.


Air NZ ramps up international, hunts hard for staff
23 Jun 2022   /

Air NZ ramps up international, hunts hard for staff

Air NZ’s international services are ramping up but so are its staffing needs.


Skyline expects “significant lift” after another challenging year halves profit
22 Jun 2022  

Skyline expects “significant lift” after another challenging year halves profit

The operator’s profit halves but the return of visitors will give its hard-hit Queenstown business a boost.