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Thursday 02 April 2026
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Corporate

NZ tourism’s top paid CEOs – did Covid cut their pay? 6th September 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.


Airports suffer as pandemic hits interim revenues 18th February 2021 /

Airports suffer as pandemic hits interim revenues

Auckland Airport falls into the red but Queenstown and Christchurch manage to stay in the black – but only just.


SkyCity 1H profit falls 42% in “challenging environment” but online gaming soars 18th February 2021 /

SkyCity 1H profit falls 42% in “challenging environment” but online gaming soars

The operator says its revenue was dragged down by weaker tourism-related business during the pandemic.


Flight Centre NZ suffers $39m loss, reduces to a third of pre-Covid size 10th November 2020 /

Flight Centre NZ suffers $39m loss, reduces to a third of pre-Covid size

MD David Coombes says the travel agent has made heavy cuts to its Kiwi staff and stores.


Serko raises $20m in oversubscribed offer 28th October 2020 /

Serko raises $20m in oversubscribed offer

Online travel booking and expense management company Serko says its $10m share purchase plan has closed oversubscribed with applications totalling approximately $25m.


Report reveals extent of Helloworld restructuring 20th October 2020 /

Report reveals extent of Helloworld restructuring

Major staff restructures, wage subsidies, hiring freezes and a reduction in director salaries were amongst the ways Helloworld cut costs as it responded to the Covid-19 crisis.


Serko raises $47m in placement 6th October 2020

Serko raises $47m in placement

Online travel booking and expense management company Serko has raised $47.51m in a share placement.


Serko seeks up to $55m in new equity 2nd October 2020 /

Serko seeks up to $55m in new equity

Online travel booking and expense management company Serko is seeking new equity of up to $55m.


Air NZ weighs cash burn, market conditions in capital raise 30th September 2020 /

Air NZ weighs cash burn, market conditions in capital raise

The company is burning through $65m-$85m of cash per month, shareholders hear at the airline’s AGM.


CIAL profit, revenue, passenger numbers fall in FY20 28th September 2020 /

CIAL profit, revenue, passenger numbers fall in FY20

However, NZ remains “a highly desirable and attractive destination”, says the airport operator.


Refinancing and Sky Waka visitors help RAL face Covid challenge 23rd September 2020 /

Refinancing and Sky Waka visitors help RAL face Covid challenge

An increase in Sky Waka Gondola sightseeing guests was a saving grace for Ruapehu Alpine Lifts in a difficult ski season.


THL lauds ‘admirable achievement’ in profit despite Covid 18th September 2020 /

THL lauds ‘admirable achievement’ in profit despite Covid

But FY20 profit and revenue are down and Govt support is helping to keep its Waitomo business open.