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Headline News

Qantas soars to record profit, unveils buyback amid rosy outlook

7h in.reuters
SYDNEY (Reuters) - Australia’s Qantas Airways Ltd said half-year profit jumped to a record on cost cuts and hikes in domestic fares - which combined with a share buyback sent its stock bounding higher. (16-0)

NZ shares gain as investors take a2 above $9 billion

New Zealand shares rose, led higher by another strong day for a2 Milk Co after signing a supply deal with Fonterra Cooperative Group, while Air New Zealand gained on a higher interim dividend. Tourism Holdings fell despite beating earnings expectations. (21-0)

Watch: The new Boeing 737 heading to New Zealand for Fiji Airways

Fiji Airways is on track to be the first airline to bring the new-generation Boeing 737 to New Zealand. (6-0)

Why Air New Zealand is flying from Auckland to Taipei in Taiwan

Air New Zealand says new non-stop flights between Auckland and Taipei will help boost tourism from Taiwan and provide more incentive for Kiwis to fly there. (6-0)

Fuel costs burn through Air NZ profits

The airline's net profit for the six months ended December was $232 million compared with the previous year's $256 million. (6-0)

Air New Zealand interim profit slips 9.4% - Channel NewsAsia

14h channelnewsasia
WELLINGTON: Air New Zealand posted a 9.4 per cent fall in interim net profit on Thursday (Feb 22) but said it was still on track for its second-best full-year result. (6-0)

Air NZ post $232m half-year profit, on track for second highest result in company history

Air New Zealand today announced earnings before taxation for the first six months of the 2018 financial year of $323 million- and says it's on track for the second highest profit in the airline's history. (6-0)

Qantas-Emirates Reauthorization Gets Initial Approval

2018-02-20 aviationweek
Australian regulators have given draft approval to the renewal of the partnership between Qantas and Emirates, with some conditions revised. (6-0)

Air New Zealand’s Widebody RFP Expected This Year

2018-02-20 aviationweek
AUCKLAND—Air New Zealand is preparing a formal request for proposals (RFP) for Boeing and Airbus for aircraft that could meet carrier’s ambition to fly nonstop from Auckland to the U.S. East Coast. The airline is on track to issue an RFP this year, an executive told Aviation Daily. While Air New Zealand has already assessed preliminary information from the manufacturers, the RFP would provide much more detail on the airline’s requirements. (6-0)

Pramuk Perera: What is NZ's Sri Lanka plan?

New Zealand is planning to establish formal diplomatic relations with Colombo this year. NZTE is planning another trade mission to Sri Lanka. Having had several visits to this tropical island during his term, former PM John Key appeared to be a big supporter of Sri Lanka. PM Jacinda Ardern may enjoy watching the elephants, walking on golden beaches and the taste of pure Ceylon tea if she visits to open diplomatic relations in Colombo. (6-0)

Sharemarket falls on eve of big day for company results

New Zealand shares fell in light trading ahead of a busy day of earnings tomorrow, with Heartland Bank and Fletcher Building dropping while Sky Network Television and Air New Zealand rose. (24-0)

Energy prices, broadband speeds in ACCC sights this year

Telecommunications, energy and banking are among the sectors in the Australian Competition and Consumer Commission’s sights this year as it looks to clamp down on anti-competitive and misleading behaviour. (6-0)

Former cyclone Gita hits New Zealand; emergency declared in southern city - Channel NewsAsia

2018-02-20 channelnewsasia
WELLINGTON: New Zealand's national carrier on Tuesday cancelled all flights in and out of the capital, Wellington, and the southern city of Christchurch declared a state of emergency as the remnants of tropical cyclone Gita pummelled the country. (6-0)

Watch: Herald Business Traveller rates Air New Zealand's Portuguese charter plane

Air New Zealand will rely on Portuguese charter operator Hi Fly to plug gaps across the Tasman for the next five weeks while engines on some Dreamliners are repaired. Herald Business Traveller flew from Sydney to Auckland on NZ 108, one of Hi Fly's A340s. Here's the verdict. (6-0)

Jetstar keeps flying into Wellington, Air NZ cancels all flights

Jetstar says it can continue to operate flights out of Wellington after Air New Zealand cancelled flights in and out of the capital as Cyclone Gita approaches and weather conditions deteriorate. (6-0)