Aviation Sector

Jetstar apologizes for poor services

Jetstar apologizes for poor services

The budget airline Jetstar has expressed apology, through full page advertisement in newspapers, for inconvenience caused to passengers during its first month of flying in New Zealand.

AIAL hopes the retail revenue forecast to be in range of $90m to $93m

AIAL hopes the retail revenue forecast to be in range of $90m to $93m

As per the media reports, Auckland International Airport Ltd (AIAL) is warning about the market consensus of about $104 million for the retail component of its revenue for the 2010 financial year.

Today, the company confirmed that it is hoping the retail revenue forecast in the range $90m to $93m.

It seems that some factors are not sufficiently being allowed by the market as of now.

Pay for 1,000 staff members to be frozen by Air New Zealand

Air New Zealand

A new salary-saving measure has been announced by Air New Zealand to find the way to cope with the recession in the aviation industry without major retrenchment of staff.

For the year starting from the month of July, the salaries of the staff who earn more than $80,000 would be frozen by the airline, a move that will have an effect on around 1000 of the company's 11,000 employees.

Infratil to see rise in operating earnings by 12 percent

Infratil

As per media reports, a rise in operating earnings would be witnessed in Infratil Ltd., a New Zealand investor in airports, energy and buses by as much as 12 percent in the current year. This would happen since the company pays less and has paused new investment.

5.7 per cent fall in Air NZ passengers

5.7 per cent fall in Air NZ passengers

Some 5.7% fewer passengers were carried by Air New Zealand last month than it did in April last year when the holiday season fell in March. The drop in number of passesngers happened even when an Easter boost has been counted.

However after cutting its capacity by 12.7%, the airline’s passenger load factor was increased by 4.5%     points. In the month of April Air New Zealand carried 971,000 passengers.

Regional review carried out by Air NZ

Regional review carried out by Air NZ

Amidst downturn in demand, regional network service is being reviewed by National carrier Air New Zealand.

According to The Dominion Post, the airlines told that the number of passengers for its haul flights has decreased by 3% and is impacting its margins.

The improvement is being considered by the airlines in the way regional airline subsidiaries Eagle Air, Air Nelson and Mount Cook Airline function.

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