PPRuNe Forums - View Single Post - Air NZ Profits Fall and Slashes Jobs
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Old 26th Feb 2012, 04:25
  #17 (permalink)  
haughtney1
 
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Not so new tricks

Seems Air NZ are up to the same tricks that everyone else is in terms of looking for cheaper labour?
Lots of the problems can be summed up in a couple of areas, fuel costs (not as bad as they could have been given the NZD's relative strength against the USD at the moment). Their key longhaul markets, i.e. the US and Europe...both are still in the economic toilet, and lastly the strength of the NZD...which makes NZ a bloody pricey holiday these days.
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