IATA: New Zealand to experience 38% pax demand impact from coronavirus in 2020

IATA forecast (03-Apr-2020) the following impacts on New Zealand‘s aviation sector in 2020 due to the coronavirus outbreak: Change in passenger demand: -38% year-on-year; Passenger…..

Australian Government, Qantas and Virgin Australia establish rescue service network

Australia‘s Deputy Prime Minister and Minister for Infrastructure, Transport and Regional Development Michael McCormack, in conjunction with Qantas and Virgin Australia established (03-Apr-2020) a continuing…..

Auckland Airport commences USD740m equity raising

Auckland International Airport announced (06-Apr-2020) it is conducting an equity raising of up to NZD1.2 billion (USD740 million) to reinforce its balance sheet and ensure…..

Auckland Airport introduces cost reduction measures

Auckland International Airport implemented (06-Apr-2020) the following of initiatives to reduce its cost base: Suspended discretionary expenditure; Reviewed work underway with external consultants; Reduced number…..

Tourism Tropical North Queensland board approves domestic recovery initiatives

Tourism Tropical North Queensland‘s (TTNQ) board approved (03-Apr-2020) key initiatives to target recovery in the domestic market and agreed to waive membership fees for the…..

Webjet completes institutional offer raising USD140m

Webjet announced (02-Apr-2020) the institutional component of its entitlement offer and institutional placement raised AUD231 million (USD140 million), with 90% of eligible institutional shareholders electing…..

Qatar Airways Cargo launches twice weekly services to Australia

Qatar Airways Cargo launched (02-Apr-2020) twice weekly services to Melbourne and Perth on 02-Apr-2020. The routes will make a technical stop in Singapore and are…..

Queenstown Airport to receive no scheduled domestic services after 03-Apr-2020

Queenstown Airport reported (02-Apr-2020) while New Zealand is at ‘Alert Level 4’, Queenstown Airport is supporting the transport of people undertaking essential services and the…..

Moody’s Investors Service outlook for Australian airports turns negative

Moody‘s Investors Service reported (02-Apr-2020) Australian airport revenues will decline materially in 2020 due to coronavirus related disruptions, namely the government led containment measures that…..

Air New Zealand reduces domestic schedule by 95%

Air New Zealand adjusted (02-Apr-2020) its domestic network as New Zealand moved to ‘Alert Level 4’ in response to the coronavirus pandemic. The airline will…..

Webjet outlines near term cost saving initiatives

Webjet reported (01-Apr-2020) the following interim business initiatives to mitigate near term financial impact, expected to generate cash flow savings of AUD13 million (USD7.9 million)…..