The boss of Air Zealand says he's proud they've made even two cents of a dollar this year - as profits drop 13.7 percent. 

The airline's being hit hard by a sluggish domestic economy, with costs like landing charges, wages, and engineering material rising much faster than inflation.

Outgoing CEO Greg Foran says he appreciates it's been a difficult few years. 

"Whether it was starting when Covid began and doing capital raises and then hurriedly having to restart the business, and then a parade of engine challenges and now we've got a few other headwinds - but you learn."

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The boss of Air Zealand says he's proud they've made even two cents of a dollar this year - as profits drop 13.7 percent.&nbsp;
The airline's being hit hard by a sluggish domestic economy, with costs like landing charges, wages, and engineering material rising much faster than inflation.
Outgoing CEO Greg Foran says he appreciates it's been a difficult few years.&nbsp;
"Whether it was starting when Covid began and doing capital raises and then hurriedly having to restart the business, and then a parade of engine challenges and now we've got a few other headwinds - but you learn."
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Greg Foran: outgoing Air NZ CEO on the airline's profits dropping

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/1092c5d0-bdeb-449f-86d7-b3470052558c/transcript