Investors react to Air New Zealand's strategic reset | Herald NOW Business

Investors react to Air New Zealand's strategic reset | Herald NOW Business <!--mynz:youtube-chapters--> {"v":1,"chapters":[{"timeSeconds":0,"label":"Air NZ's Strategic Reset","summary":"Air New Zealand is implementing a strategic reset to get the airline back on track. Investors believe this is the right strategy, but the financial turnaround will take time."},{"timeSeconds":12,"label":"Western Sydney Airport Opens","summary":"The new Western Sydney International Airport is set to open in late October. It will be the first international airline to touch down."},{"timeSeconds":22,"label":"Investor Confidence in Air NZ","summary":"An investor from Forsyth Barr believes there will be demand for services in Western Sydney. They see the airline's decision to focus on profitability as sensible."},{"timeSeconds":35,"label":"Economic Challenges for Air NZ","summary":"The New Zealand economy has been soft, with domestic demand weaker than desired. Aviation system costs have continued to rise, adding to volatility."},{"timeSeconds":44,"label":"Impact of Fuel Prices","summary":"Rising fuel prices and crack spreads have added to uncertainty. This has impacted Air New Zealand's financial performance over the past two years."},{"timeSeconds":103,"label":"Air NZ's Fleet Strategy","summary":"Air New Zealand is retiring older aircraft and has a fleet of 100 aircraft that are not currently flying due to engine maintenance requirements."},{"timeSeconds":135,"label":"Cost-Cutting Measures","summary":"Air New Zealand is implementing cost-cutting measures, including potential headcount reductions. This is a response to the challenging economic environment."},{"timeSeconds":213,"label":"Focus on Growth and Profitability","summary":"Air New Zealand is adding new routes and destinations, aiming to be more focused on growth. They will not chase growth for growth's sake."}]} <!--/mynz:youtube-chapters-->