Flag-carrier airline of New Zealand
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Holidaymakers travelling with Air New Zealand in the lead-up to Christmas could find themselves caught out by cabin-crew strikes, despite Monday's planned industrial action being called off; An electrical inspector is warning lives are being put at risk by recent rule changes to electrical standards; A new plane route connecting Asia with South America via New Zealand, has officially taken flight; A New Zealand chamber choir has left its mark on Europe, with one critic calling them the best choir they've ever heard; Flowering Pohutukawa trees are the sign summer is here - and many we've seen are already in full bloom. But are they flowering earlier this year?
Holidaymakers travelling with Air New Zealand in the lead-up to Christmas could find themselves caught out by cabin-crew strikes, despite Monday's planned industrial action being called off. E tu National Secretary Rachel Mackintosh spoke to Ingrid Hipkiss.
Business as usual for Jetstar, despite Air New Zealand taking a swipe at its airport discounts. Air New Zealand head Nikhil Ravishankar claimed airports are unfairly subsidising the Qantas-owned airline - on our most profitable air routes. BusinessDesk reports Ravishankar says that includes open-ended discounted landing rights and cost cutting deals. Jetstar CEO Stephanie Tully says they're just focused on running their own race. "The reality is, we've been trying really hard to make sure that we've got a great value proposition in the New Zealand market - and it's great that more Kiwis are giving us a go." LISTEN ABOVESee omnystudio.com/listener for privacy information.
Business as usual for Jetstar, despite Air New Zealand taking a swipe at its airport discounts. Air New Zealand head Nikhil Ravishankar claimed airports are unfairly subsidising the Qantas-owned airline - on our most profitable air routes. BusinessDesk reports Ravishankar says that includes open-ended discounted landing rights and cost cutting deals. Jetstar CEO Stephanie Tully says they're just focused on running their own race. "The reality is, we've been trying really hard to make sure that we've got a great value proposition in the New Zealand market - and it's great that more Kiwis are giving us a go." LISTEN ABOVESee omnystudio.com/listener for privacy information.
It's taken 46 years and we've still managed to stuff up the decision as to where to have a memorial for the 257 people who died in the Mt Erebus air disaster. It was 46 years ago today when the Air NZ DC-10, flight TE901, ploughed into the side of Mt Erebus. And, yes, nice job making the memorial announcement in time for the anniversary, but Cracroft Reserve in Christchurch is not where it should be. In fact, it shouldn't be in Christchurch full-stop. It should be in Auckland. I'm not the only one who thinks so. I'll get to that. But I will never forget the night of the Erebus crash – if you were around at the time, you probably won't either. I was 11-and-a-half, and I remember being allowed to stay up late and listen to the 10 o'clock news on the radio. I went off to bed afterwards knowing it wasn't good. And it seemed that everyone knew someone who was either on that plane or knew someone who lost someone close to them on that plane. A mate of dad's lost his wife. Simone Bennett was one of those people affected directly. She lost her father. He was one of the 257 people on board who died – 237 passengers and 20 crew. She is furious that the memorial is going to be built in Christchurch. She says she's furious and disgusted because she lives in Auckland and she can't believe the memorial is going to be so far away. I get that and good on her for calling out the Ministry for Culture and Heritage, because it feels to me like they have just given up on Auckland and gone for the next best location. You'll probably remember the stoush when they wanted to build the memorial at Dove Meyer Robinson Park in Parnell, in Auckland. But there was major push-back on that one. The anti-brigade claimed that it would “change the tone of the gardens”. They eventually got their way when the cyclone went through Auckland and made the site at the gardens in Parnell unsafe to build on. After that, 50 different sites in the greater Auckland area were looked at but none were considered suitable. Hence, it ending up in Christchurch. Not everyone is unhappy with the decision though. Andrew McKeen is president of the Airline Pilots' Association. He's not only thrilled it's finally going to happen, he also thinks Christchurch is a good spot for it. He's saying: “Christchurch serves as New Zealand's gateway to Antarctica and was the intended stopover point for TE901's return to Auckland." Which it was. I remember someone telling me once about all the airport staff waiting for the plane to land in Christchurch 46 years ago tonight. I get the connection to Antarctica with the Antarctic programme being based in Christchurch. But the Air New Zealand headquarters is in Auckland and that's where the memorial should be. The majority of family members live there too. And I'm conscious that there could be someone reading this right now who was affected by Erebus in the most direct way and who may very well think Christchurch is a good choice. But I don't. Simone Bennett, who I mentioned earlier, doesn't either. But what about you? See omnystudio.com/listener for privacy information.
Ring a ding ding you've got the king - that's right King Kundra is back in town and he's gracing us with his presence. He's got plenty of yarns with an update on his dad's battle with Good Guys, a story about a new number, glazing halloween and then even more glazing of Air New Zealand. We end with some bashing of Sky Sports and a very tone deaf marketing campaign.We have some “Corporate Starter Packs,” which are some helpful survival tips and tricks for excelling in various roles in corporate.Our last segment is “Then & Now,” where we reminisce on the good old days of things in Sydney that probably don't exist anymore.___________________________________________________________FULL PODCAST EPISODES
An aviation commentator says Air New Zealand staff going on strike could have a severe impact throughout Oceania. Irene King spoke to Melissa Chan-Green.
More than 2000 Air New Zealand flight attendants will walk off the job on December 8, after failing to reach agreement over pay and conditions. The president of the Flight Attendants Association of NZ, Craig Featherby spoke to Ingrid Hipkiss.
Opposition leader, Chris Hipkins spoke to Morning Report; An aviation commentator says Air New Zealand staff going on strike could have a severe impact throughout Oceania; About 70% of the 50,000 plus rock fans attending the concert were from outside the city; The number of university students earning A's is on the up - and could soon be the most common grade; Consumer NZ has spent 12-weeks tracking the prices of products from four big box retailers, to see if the bargains are all they're cracked up to be.
On the Heather du Plessis-Allan Drive Full Show Podcast for Monday, 24 November 2025, if you're building a new home or doing a biggish renovation you'll soon be forced to buy a building warranty in case of building faults. Building Minister Chris Penk talks to Heather about the details. Koura's Rupert Carlyon says employers should be stopped from decreasing salaries to accommodate higher Kiwisaver contribution rates. The eye-watering amount of food that gets thrown away every year - and the surprising worst offender. Finance Minister Nicola Willis hits back at suggestions that Prime Minister Chris Luxon might get rolled by one of his MPs. Plus, the Huddle debates why we're so fed up with Air New Zealand, its service and especially its prices! Get the Heather du Plessis-Allan Drive Full Show Podcast every weekday evening on iHeartRadio, or wherever you get your podcasts. LISTEN ABOVESee omnystudio.com/listener for privacy information.
Tonight on The Huddle, lawyer and political commentator Liam Hehir and Child Fund CEO Josie Pagani joined in on a discussion about the following issues of the day - and more! New reports claim New Zealand's wasting 1.2 million tonnes of food every year - but most of it is thrown away during production before it makes its way to the supermarket. What do we make of this? Ahead of the election, National is promising to increase KiwiSaver contributions by 2032 as part of their election campaign. Will this get votes? Speaking of the election, new polls show prospective voters are in favour of adjusting any capital gains tax for inflation. Labour has no plans to take this on board - should they consider this? Plenty of media commentators have outlined their concerns with Air New Zealand this week. Do we agree Air New Zealand needs to improve themselves? Will more Kiwis jump to Jetstar? LISTEN ABOVESee omnystudio.com/listener for privacy information.
Up to 15,000 passengers could be disrupted if Air New Zealand cabin crew go ahead with strike action next month. The airline's largely unionised crew plan to strike on December 8th demanding greater salaries and allowances. The flagship carrier's assessing the potential effect on operations. Expert and advisor to business leaders, Bruce Cotterill, says people have high expectations when it comes to Air New Zealand and CEO Nikhil Ravishankar's response has left some disappointed. "You do expect a level of performance and that level of performance isn't there at the moment. So it's frustrating - it's frustrating for travellers, I'm sure it's frustrating for Air New Zealand as well." LISTEN ABOVESee omnystudio.com/listener for privacy information.
Let's talk about Air New Zealand. Look, if I was Air New Zealand, I would feel pretty beaten up after the weekend's opinion pieces. Bruce Cotterill wrote a piece in one newspaper complaining that if Air New Zealand want to charge as much as they do, then they have to do the job better and be on time more often. And then, Sam Stubbs wrote a piece in another newspaper telling them to stop overcharging domestic travellers. Now, I cannot explain the timing. I can't explain why both those guys wrote harsh pieces about the same airline on the same weekend. But what's weirder about it is that I almost did exactly the same thing. I almost had a bit of a rant about Air New Zealand myself this weekend, because I had to pull out of an event on account of their ticket prices. What it was is the husband and I were planning to go to a thing in Wellington. We started doing all the organizing, had the babysitter covered, organized to work out of Wellington for the day - and we went to book the flights and saw the flight prices. It was pretty close to $1000 return per person, and I could not justify that. That is ridiculous. Now, I don't have a problem, as I've said 1000 times to you, with Air New Zealand making as much money as it wants to. I wanted to make money, I'm a shareholder - and we all are shareholders through the Government. It does have to balance that with customer loyalty though, because Air New Zealand is now so overpriced that I cannot justify using it. For the first time in my working life, I don't have Koru anymore, I cannot justify the expense. And while I have the same problem as Bruce Cotterill, I don't want to fly Jetstar out of loyalty to Air New Zealand. But I reckon, give it a year. Because I reckon this time next year, I'm going to be flying Jetstar. The flight from Auckland to Wellington on Air New Zealand for the event was $500 per person, just one way, right? Auckland to Wellington, $500. The same flight on Jetstar at a better time was about $150. That's Air New Zealand's problem right there, they're chasing their customers away. One day, they're gonna wake up - and they don't realize it now - but they're gonna be surprised at how popular Jetstar is and they're gonna regret the fact that heaps of us tried out the orange bird and found it's not that bad. And Air New Zealand will want us back and struggle to get us back. And maybe the reason that Bruce and Sam - and maybe even me - criticized Air New Zealand on the same weekend is that we're only saying what everybody's already thinking. LISTEN ABOVESee omnystudio.com/listener for privacy information.
Let's talk about Air New Zealand. Look, if I was Air New Zealand, I would feel pretty beaten up after the weekend's opinion pieces. Bruce Cotterill wrote a piece in one newspaper complaining that if Air New Zealand want to charge as much as they do, then they have to do the job better and be on time more often. And then, Sam Stubbs wrote a piece in another newspaper telling them to stop overcharging domestic travellers. Now, I cannot explain the timing. I can't explain why both those guys wrote harsh pieces about the same airline on the same weekend. But what's weirder about it is that I almost did exactly the same thing. I almost had a bit of a rant about Air New Zealand myself this weekend, because I had to pull out of an event on account of their ticket prices. What it was is the husband and I were planning to go to a thing in Wellington. We started doing all the organizing, had the babysitter covered, organized to work out of Wellington for the day - and we went to book the flights and saw the flight prices. It was pretty close to $1000 return per person, and I could not justify that. That is ridiculous. Now, I don't have a problem, as I've said 1000 times to you, with Air New Zealand making as much money as it wants to. I wanted to make money, I'm a shareholder - and we all are shareholders through the Government. It does have to balance that with customer loyalty though, because Air New Zealand is now so overpriced that I cannot justify using it. For the first time in my working life, I don't have Koru anymore, I cannot justify the expense. And while I have the same problem as Bruce Cotterill, I don't want to fly Jetstar out of loyalty to Air New Zealand. But I reckon, give it a year. Because I reckon this time next year, I'm going to be flying Jetstar. The flight from Auckland to Wellington on Air New Zealand for the event was $500 per person, just one way, right?Auckland to Wellington, $500. The same flight on Jetstar at a better time was about $150. That's Air New Zealand's problem right there, they're chasing their customers away. One day, they're gonna wake up - and they don't realize it now - but they're gonna be surprised at how popular Jetstar is and they're gonna regret the fact that heaps of us tried out the orange bird and found it's not that bad. And Air New Zealand will want us back and struggle to get us back. And maybe the reason that Bruce and Sam - and maybe even me - criticized Air New Zealand on the same weekend is that we're only saying what everybody's already thinking. LISTEN ABOVESee omnystudio.com/listener for privacy information.
Up to 15,000 passengers could be disrupted if Air New Zealand cabin crew go ahead with strike action next month. The airline's largely unionised crew plan to strike on December 8th demanding greater salaries and allowances. The flagship carrier's assessing the potential effect on operations. Expert and advisor to business leaders, Bruce Cotterill, says people have high expectations when it comes to Air New Zealand and CEO Nikhil Ravishankar's response has left some disappointed. "You do expect a level of performance and that level of performance isn't there at the moment. So it's frustrating - it's frustrating for travellers, I'm sure it's frustrating for Air New Zealand as well." LISTEN ABOVESee omnystudio.com/listener for privacy information.
Air New Zealand is considering banning portable power banks on flights, after a string of fires linked to the devices. Pilot and aviation commentator Vaughn Davis spoke to Ingrid Hipkiss.
On the Matt Heath and Tyler Adams Afternoons Full Show Podcast for the 19th of November, we talk AI in the arts - two writers have been ruled out of New Zealand's top book awards due to AI created book covers. 1200 Air New Zealand cabin crew are planning to strike - is being a flight attendant a good job and well rewarded? And then ahead of tonight's Metallica show, our Afternoons Duo talked with listeners about doing paying for the VIP concert experience. Get the Matt Heath and Tyler Adams Afternoons Podcast every weekday afternoon on iHeartRadio, or wherever you get your podcasts. LISTEN ABOVESee omnystudio.com/listener for privacy information.
Air New Zealand cabin crews could walk off the job next month over stalled pay negotiations, threatening summer travel plans. While the union has ruled out any action the week before Christmas, it will be before the end of the year, unless a deal is reached. Mary Argue reports.
I hate carrying my wallet. Not because I'm a prickle pockets —I swear I'll always buy my round!— but because at heart, I'm an optimiser. I don't want something else to remember, a bulge in my back pocket. I want to be able to do everything with the least baggage possible. My wallet has four cards. Just four. Bank card, credit card, driver's license, and my TVNZ access card. Until two weeks ago, I needed a card to get into the Newstalk ZB offices as well, but not anymore. We've moved to a digital swipe system, an app on our phones. Very 2025. I don't carry cash. My wallet has nowhere to put it. Except for the $2.40 in change in the centre console of the family Corolla, I don't have any cash whatsoever. I barely use my physical debit and credit cards; I just pay for everything with my phone. For the best price I still need a real card for the bus, although they've recently changed the system so that in a pinch I can pay with my phone. My library card is digital. Concert tickets are digital. Auckland FC, Air New Zealand – it's all on my phone. If all goes well with the Government's rollout, in a few months we should be able to access digital driver's licenses. In the US they've now gone one step further. As of this week, American citizens with either Google or Apple phones can upload their passports to their devices and store them in digital wallets. The systems scan your passport and then read the little chip. They compare the photo page with a biometric scan of your face. You can use it as ID for domestic travel and although you still need a physical passport for international flights, surely it won't be long until your digital ID does that too. I know what you're thinking. Digital passports, bank cards, driver's licenses. Digital swipe cards for getting into the office. What could possibly go wrong?! And I agree with you! The more that our vital ID and payment systems go digital, the more vulnerable many of these systems might be to failure, power outages, coding errors, or hacking. At least for the near future, there will be traditional options. They're not scrapping plastic driver's licences just yet. But all things being equal, I reckon 2026 might be the last year of my life in which I actually need to carry a wallet. I'm going to be first in line for a digital driver's licence. A year from now, everything I need from my cards I should be able to do my phone. And while I know there are risks, I know it's a single point of failure, I know it'll be even more of a disaster if I accidentally lose my phone. Truthfully my concerns are drowned out by an even stronger impulse. Sure, there are security concerns. But man, just think of the convenience. See omnystudio.com/listener for privacy information.
New Air NZ CEO Nikhil Ravishankar joins Q+A to talk about the challenges in navigating an increasingly volatile world, how technology is changing the airline business, and how Air NZ can meaningfully contribute to the country's GDP. He also discusses his background, parents, and how he came to be in New Zealand.
As the Government looks to double the number of concerts at Eden Park, attention is also turning to Christchurch; Police are worried they might be tarnished after former Deputy Police Commissioner Jevon McSkimming pleaded guilty to possessing child sexual exploitation and bestiality material; Air New Zealand is grounding big dogs with new size and weight restrictions for carriers on its smaller do
Air New Zealand is grounding big dogs with new size and weight restrictions for carriers on its smaller domestic flights. The airline's Chief Safety and Integrity Officer Nathan McGraw spoke to Corin Dann.
Five years ago, Port of Auckland was struggling with a shocking health and safety record. Three people had died and many more had been injured at work. Financially, the company was dealing with a costly but flawed automation project, and COVID added plenty of headaches for the global shipping industry too. The company needed a complete turnaround, and Roger Gray was picked as the new chief executive to get on with the job. With a background of 20 years in the Australian Army and roles at Goodman Fielder and Air New Zealand, Roger came with experience in leadership, but this was a big job with big problems. Roger Gray joined Kerre Woodham in studio for the latest episode of Bosses Unfiltered. LISTEN ABOVESee omnystudio.com/listener for privacy information.
Air New Zealand says it's committed to maintaining regional connections, despite the Government turning down its offer. CEO Nikhil Ravishankar last week pitched a temporary subsidy for lesser used domestic flights, saying it might be necessary to keep them operational. But Prime Minister Chris Luxon says a subsidy isn't the answer, and Air New Zealand should shift its focus. Ravishankar says it still isn't planning to leave the regions. "We know that it is a lot more than a commercial decision, it's a lifeline service at times. And we will do everything we can and everything we should be doing to ensure that connectivity remains." LISTEN ABOVESee omnystudio.com/listener for privacy information.
Five years ago, Port of Auckland was struggling with a shocking health and safety record. Three people had died and many more had been injured at work. Financially, the company was dealing with a costly but flawed automation project, and COVID added plenty of headaches for the global shipping industry too. The company needed a complete turnaround, and Roger Gray was picked as the new chief executive to get on with the job. With a background of 20 years in the Australian Army and roles at Goodman Fielder and Air New Zealand, Roger came with experience in leadership, but this was a big job with big problems. Roger Gray joined Kerre Woodham in studio for the latest episode of Bosses Unfiltered. LISTEN ABOVESee omnystudio.com/listener for privacy information.
Air New Zealand says it's committed to maintaining regional connections, despite the Government turning down its offer. CEO Nikhil Ravishankar last week pitched a temporary subsidy for lesser used domestic flights, saying it might be necessary to keep them operational. But Prime Minister Chris Luxon says a subsidy isn't the answer, and Air New Zealand should shift its focus. Ravishankar says it still isn't planning to leave the regions. "We know that it is a lot more than a commercial decision, it's a lifeline service at times. And we will do everything we can and everything we should be doing to ensure that connectivity remains." LISTEN ABOVESee omnystudio.com/listener for privacy information.
The new chief executive of Air New Zealand has suggested what he's calling a "situational subsidy" to support regional routes when the economy is not doing well and demand is low. Nikhil Ravishankar spoke to Ingrid Hipkiss.
RNZ can reveal the Labour Party has agreed to campaign on a capital gains tax, or CGT, covering just property - excluding the family home and farms; Finance Minister and National's deputy leader Nicola Willis stood in for Christopher Luxon for his weekly interview; The new chief executive of Air New Zealand has suggested what he's calling a "situational subsidy" to support regional routes when the economy is not doing well and demand is low; Nearly two months after being stood down as Silver Ferns head coach, Dame Noeline Taurua is back in the top job; We crossed the ditch to Canberra to talk to our correspondent Kerry-Anne Walsh.
New Air New Zealand CEO Nikhil Ravishankar has suggested a “situational subsidy” to support regional routes when the economy is not doing well and demand is low. Ravishankar officially took over as CEO on 20 October 2025, replacing Greg Foran who stepped down after six years. Deputy Prime Minister David Seymour tells Heather du Plessis-Allan that the implementation of a subsidy could allow for too much Government control over the agency which would be a 'complete disaster'. Seymour also addresses the legalisation of melatonin for those aged under-55. LISTEN ABOVESee omnystudio.com/listener for privacy information.
Record sales couldn't save Nasdaq listed Tesla and Netflix from steep share price falls this week, as the companies navigated everything from expiring tax credits and global regulatory risks to intense competition. Meanwhile, the ASX200 posted a 0.39% slide (Mon – Thurs), as a slump in materials stocks weighed on market gains. In this week's wrap, Grady covers:(0:26): why Tesla's latest results show record sales but falling profits (1:10): why Netflix missed third- quarter expectations (2:02): how Coco-Cola is navigating the tough market environment (2:49): earnings results from Woodside, Adairs & Air New Zealand (5:13): how the ASX200 performed this week so far(5:53): the most traded stocks & ETFs by Bell Direct clients (6:22): economic news items to watch out for.
Air New Zealand has welcomed a new CEO amidst a turbulant time for the airline. Just yesterday the national carrier revealed it is expecting a half year loss of up to $55 after an anticipated bump in passengers failed to land. Costs are rising too, with the bill for engine leases going up $20 million dollars. Several Air New Zealand planes have also been grounded for unsheduled maintaince due to engine faults. Air New Zealand CEO Nikhil Ravishankar spoke to Lisa Owen.
Air New Zealand's new chief executive Nikhil Ravishankar says some domestic routes may need subsidies to keep running; Health officials are urging the public to remain vigilant for measles symptoms ahead of the long weekend, with two further cases confirmed on Thursday; As clean up from the week's extreme gales and rain gets underway, many people will be turning their minds to making insurance claims for the damage; What started as a tiny fan event has grown into one of New Zealand's biggest pop culture celebrations; Auckland's amusement park Rainbow's End is officially welcoming thrill-seekers to ride its brand-new Pirate Ship, Pacifica.
Air New Zealand's new chief executive Nikhil Ravishankar says some domestic routes may need subsidies to keep running. Whakatāne mayor Nándor Tánczos spoke to Ingrid Hipkiss.
Air New Zealand is expecting a significant effect on services today as parts of the country are hit with damaging gales and heavy rain. General Manager for Airports Kate Boyer spoke to Corin Dann.
In the North Island, Red Wind Warnings are in place for Wellington and southern Wairarapa. There are extensive public transport and flight cancellations. Air New Zealand says it's already cancelled almost 100 flights today. CEO Nikhil Ravishankar says told Mike Hosking that it will only operate flights if it's safe to do so. LISTEN ABOVESee omnystudio.com/listener for privacy information.
On the Heather du Plessis-Allan Drive Full Show Podcast for Wednesday, 22 October 2025, Public Service Commissioner Sir Brian Roche airs his frustrations ahead of tomorrow's mega strike. Immunisation expert Dr Nikki Turner explains why there are concerns that measles is spreading undetected - and it's not just kids at risk. Master Plumbers CEO Greg Wallace explains when you should consider switching from gas to electricity given gas prices are going through the roof. Air New Zealand's new boss took over this week, and already he's hitting turbulence. The Huddle gets into a heated argument over climate-related disclosure rules. Plus, Heather reveals her controversial method of cooking sausages. LISTEN ABOVESee omnystudio.com/listener for privacy information.
Air New Zealand says it now expects to make a first-half loss of about $30 million to $55 million, before tax. It's just provided a trading update to the NZX. The national carrier says it expected a two to three percent uplift in revenue across domestic and US-bound bookings. However, this hasn't materialised and isn't evidenced in future bookings. NZ Shareholders Association head Oliver Mander says the engine issues and ongoing economic downturn are the main factors behind these changes. LISTEN ABOVESee omnystudio.com/listener for privacy information.
Air New Zealand says it now expects to make a first-half loss of about $30 million to $55 million, before tax. It's just provided a trading update to the NZX. The national carrier says it expected a two to three percent uplift in revenue across domestic and US-bound bookings. However, this hasn't materialised and isn't evidenced in future bookings. NZ Shareholders Association head Oliver Mander says the engine issues and ongoing economic downturn are the main factors behind these changes. LISTEN ABOVESee omnystudio.com/listener for privacy information.
Wall Street closed lower on Wednesday as investors assessed further updates out of Washington signalling dwindling progress on the trade front between the U.S. and China. The Dow Jones lost 0.71%, the S&P500 declined 0.53% and the Nasdaq ended the day down 0.93%.In Europe overnight markets in the region closed mixed as investors assessed corporate earnings results out in the region. The STOXX 600 fell 0.2%, Germany's DAX lost 0.74%, the French CAC declined 0.63% and, in the UK, the FTSE100 ended the day up 0.93%.Asia markets traded mixed on Wednesday as investors assessed key trade data out of Japan alongside the country's new leadership transition. For September, Japanese exports increased 4.2% YoY to snap four months of declines, however, the data came in lower than economists were expecting of 4.6% growth. Japan's Nikkei closed flat on Wednesday while Hong Kong's Hang Seng fell 0.94%, South Korea's Kospi Index rose over 1.5% and India's Nifty 50 ended the day up 0.1%.The local market closed the midweek session 0.71% lower as a materials sell-off of more than 3% weighed on gains among energy and tech stocks. The price of gold slumped over 6% overnight amid widespread profit taking and strength in the USD which spooked investors into panic sell mode out of gold miners on Wednesday. Genesis Minerals, Evolution Mining and Ramelius Resources each fell over 10% at the closing bell on Wednesday.Homewares retailer Adairs (ASX:ADH) jumped 8.3% yesterday despite downgrading group sales forecast guidance for H1 to between $319.5m to $331.5m, down from the prior guidance of $324.5m to $336.5m, however margins were upgraded to the higher end of the forecast region at 59%-59.5%. Investors likely welcomed the pullback in promotional activity announced by the company amid moderated sales growth.And weaker-than-expected revenue and rising jet costs hit Air New Zealand (ASX:AIZ) yesterday with shares in the airline falling 1% after the company announced it expects to report a pre-tax loss between NZ$30m and NZ$55m for the first half. What to watch today:On the commodities front this morning oil is trading 4.25% higher at US$59.67/barrel, gold is down 0.52% at US$4103/ounce and iron ore is up 0.03% at US$105.53/tonne. The Aussie dollar has strengthened against the greenback to buy 64.92 U.S. cents, 98.64 Japanese yen, 48.51 British pence and 1 New Zealand dollar and 13 cents.Ahead of Thursday's trading session here in Australia the SPI futures are anticipating the ASX will open the day down 0.17%.Trading Ideas:Bell Potter has downgraded the rating on Aeris Resources (ASX:AIS) from a buy to a hold and have raised the 12-month price target on the copper producer following the release of the company's September quarterly report including results meeting the analysts' expectations for lower 1HFY26 production. The reason for the downgrade is simply due to recent share price appreciation of the company.Trading Central has identified a bearish signal on Viva Energy (ASX:VEA) following the formation of a pattern over a period of 22-days which is roughly the same amount of time the share price may fall from the close of $1.74 to the range of $1.54 to $1.58 according to standard principles of technical analysis.
It's thought that the aviation sector is over capitalising - as New Zealand's domestic airfares have shot up more quickly than any other country. A global airport group says domestic airfares are up 63% in six years, and are well ahead of the second-highest, up 53%. Air New Zealand's Chief customer and digital officer Jeremy O'Brien told Mike Hosking that accelerated inflation is effecting the industry. He says we're a reasonably small country with long distances to fly. O'Brien says in many cases the industry is over-capitalising, which then impacts the sustainability of the market. LISTEN ABOVESee omnystudio.com/listener for privacy information.
Air New Zealand's teamed up with Air Chathams on a new partnership for Whakatane. It'll mean customers can book single-ticket trips that combine domestic flights on both airlines. Checked-in baggage will be transferred directly to the final destination. Air New Zealand's Chief Transformation and Alliances Officer, Mike Williams, explained what the partnership could mean for both airlines. LISTEN ABOVESee omnystudio.com/listener for privacy information.
Airlines are backing the Commerce Commission's decision to stop short of a formal inquiry into airport regulation. It's instead looking at changing how much information airports should provide airlines about major upgrades. This follows Air New Zealand writing to the regulator, raising that the costs it was facing from airports were growing out of control. Board of Airline Representatives Executive Director Cath O'Brien says a formal inquiry wasn't worth it. She told Mike Hosking the process is complicated, expensive, and not fit for purpose, as if they ran it, they'd have to apply the findings to all airports, not just one. LISTEN ABOVE See omnystudio.com/listener for privacy information.
The Commerce Commission has ruled out an inquiry into airport regulation, for now. Air New Zealand had written to the regulator, saying there was enough 'accumulated evidence and concern' to justify a probe. The Commission has done a 'short, targeted review'. Air New Zealand Head of Regulatory Affairs Kristy McKay revealed why she's pleased with this outcome. LISTEN ABOVESee omnystudio.com/listener for privacy information.
Turns out you can get more out of Air New Zealand's flexichange service than previously expected. BloggerAtLarge writer Megan Singleton recently revealed you can change the destination and date as part of the flexichange package on domestic flights - which can come in handy for unexpected events. Megan revealed how you can take advantage of this travel hack - read more here. LISTEN ABOVESee omnystudio.com/listener for privacy information.
Hamilton's first domestic jet service in 25 years will connect thousands of people to Christchurch every year. Air New Zealand's Airbus A320 service will operate alongside two smaller planes, to be deployed to other parts of the regional network. From today the 171-seat domestic jet will leave Christchurch at 3pm five days a week and return from Hamilton just after 5pm. Waikato Chamber of Commerce CEO Don Good told Mike Hosking Air NZ wouldn't have put a plane on that route if there wasn't demand. He says they've seen the opportunity and believe that it will grow. LISTEN ABOVE See omnystudio.com/listener for privacy information.
Send us a textLinking the Travel Industry is a business travel podcast where we review the top travel industry stories that are posted on LinkedIn by LinkedIn members. We curate the top posts and discuss with them with travel industry veterans in a live session with audience members. You can join the live recording session by visiting BusinessTravel360.comYour Hosts are Riaan van Schoor, Ann Cederhall and Aash ShravahStories covered on this podcast episode include - Korean Air is to purchase 103 Boeing aircraft in a deal worth approximately $36.2 billion.The OpenTravel Alliance becomes a member of Overture Maps Foundation, giving them access to the newly released Global Entity Reference System (GERS) to address standards for location data in travel distribution.In a heavily critiqued move, Tanzania introduces hefty passenger levies for travel to and from their country.Mexico city restores flight slots to US carriers, reversing a 2022 policy which favoured Mexican carriers.Ryanair increases staff rewards for catching passengers with oversized cabin bags.They are also not expanding on their presence in Belgium following a 150% increase in Belgian aviation tax.Air New Zealand reports a 14% drop in profits.The most engaged post of the week goes to Richard Valtr, founder at Mews, where he talks about how they now offer hotels a property management system which enables guests to use both Apple Wallet and Google Wallet as their room key.Extra Stories & Space NewsYou can subscribe to this podcast by searching 'BusinessTravel360' on your favorite podcast player or visiting BusinessTravel360.comThis podcast was created, edited and distributed by BusinessTravel360. Be sure to sign up for regular updates at BusinessTravel360.com - Enjoy!Support the show
The sound of investor presentations and ASX releases can only mean one thing: results season has come again, bringing joy and cheer to all the good shareholders of the land – especially those who've invested in airlines. Qantas has posted another bumper profit as it looks to snap up even more A321XLRs, Virgin Australia has celebrated its 25th anniversary with a healthy result, Alliance is flying more hours than ever, and across the Tasman, even Air New Zealand is still in the black despite its many headaches. Jake and guest host Benjamin Foster unpack all the major airlines' results and take a look ahead to the prospects for 2026. Plus, it's the end of the line for Gold Coast Airport's light rail – what might replace the controversial project as the Olympics draw ever closer?
Air New Zealand's profit has dropped 15% in a year and there's more turbulence ahead. The national carrier reported a net profit of $126 million the year ended June compared with $146 million a year earlier. The national carrier is warning next year will probably be every bit as tough as the last one. Air New Zealand CEO, Greg Foran spoke to Lisa Owen.
Air Zealand's boss is predicting another challenging year ahead. Our national carrier has seen profits plunge. It's partly due to weak domestic demand and ongoing engine maintenance issues. Chief Executive Greg Foran told Mike Hosking it's also facing unavoidable price hikes for things like landing charges, wages, and engineering materials. He says they can't go down to Bunnings or Mitre 10 to buy a replacement toilet seat for a 787, although he wishes they could. LISTEN ABOVE See omnystudio.com/listener for privacy information.
On the Mike Hosking Breakfast Full Show Podcast for Friday 29th of August, we're changing the alcohol laws, making it easier to hold both on and off licenses. Common sense or no real change? Air New Zealand boss Greg Foran is in to talk their results and why we're seeing what we are when Qantas' numbers are through the roof. Kate Hawkesby and Tim Wilson try to make Mike more positive and talk about Tim's return from holiday and having to fill the boots left behind by Sir John Key as they Wrap the Week. Get the Mike Hosking Breakfast Full Show Podcast every weekday morning on iHeartRadio, or wherever you get your podcasts. LISTEN ABOVE See omnystudio.com/listener for privacy information.