Air New Zealand could grow domestic business by 20%-30% -CEO

Published 12/07/2021, 12:45 AM
Updated 12/07/2021, 01:06 AM
© Reuters. An Air New Zealand plane is seen taxiing from the international terminal at Sydney Airport, as countries react to the new coronavirus Omicron variant amid the coronavirus disease (COVID-19) pandemic, in Sydney, Australia, November 29, 2021.  REUTERS/Loren

SYDNEY (Reuters) -Air New Zealand Ltd has the potential to grow its domestic business by 20%-30% from pre-pandemic levels over the next few years, its chief executive said on Tuesday.

"We've got a terrific domestic business here in Air New Zealand and we see an opportunity to grow that more," Air New Zealand Chief Executive Greg Foran said at a CAPA Centre for Aviation event.

He said the airline's domestic capacity, now running at about 40% of pre-COVID levels, should begin to recover starting next week as travel curbs on its biggest city, Auckland, are eased.

© Reuters. An Air New Zealand plane is seen taxiing from the international terminal at Sydney Airport, as countries react to the new coronavirus Omicron variant amid the coronavirus disease (COVID-19) pandemic, in Sydney, Australia, November 29, 2021.  REUTERS/Loren Elliott

Before Auckland was locked down over an outbreak of the Delta variant, capacity had returned to 90% of pre-COVID levels.

New Zealand's international borders remain closed and the country will require travellers to isolate at home or a hotel for seven days on arrival when the country opens to foreigners on April 30..

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.