An aviation commentator says Air New Zealand needs to look at ways to cut costs as the war in the Middle East impacts fuel prices. 

The airline's adjusted fares - lifting domestic flights $10 and long-haul flights $90.

It's suspended its guidance from less than a fortnight ago, expecting second-half earnings similar to the $59 million first-half loss.

Irene King says the airline could slash its spending. 

"They really have never addressed the cost side of their business post-Covid - and they really could get stuck in there, their labour costs are astronomical."

LISTEN ABOVE

An aviation commentator says Air New Zealand needs to look at ways to cut costs as the war in the Middle East impacts fuel prices.&nbsp;
The airline's adjusted fares - lifting domestic flights $10 and long-haul flights $90.
It's suspended its guidance from less than a fortnight ago, expecting second-half earnings similar to the $59 million first-half loss.
Irene King says the airline could slash its spending.&nbsp;
"They really have never addressed the cost side of their business post-Covid - and they really could get stuck in there, their labour costs are astronomical."
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

Irene King: aviation commentator on Air New Zealand lifting fares in response to Middle East conflict

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/928183b3-f6e4-45a0-ab76-b4090052ae20/transcript

The US President's social media posts suggest he's worried about the price of oil, as the US and Israel bombard Iran into an 11th day.

More than 1700 have been killed in the Middle East - most in Iran, and hundreds in Lebanon.

Despite this, markets appear to have calmed down following the initial shock, and Milford Asset Management's Brendan Larsen explained why.

LISTEN ABOVE

The US President's social media posts suggest he's worried about the price of oil, as the US and Israel bombard Iran into an 11th day.
More than 1700 have been killed in the Middle East - most in Iran, and hundreds in Lebanon.
Despite this, markets appear to have calmed down following the initial shock, and Milford Asset Management's Brendan Larsen explained why.
LISTEN ABOVE

Brendan Larsen: Milford Asset Management expert on markets calming down from Middle East conflict shock

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/284712e8-e295-4aad-83a7-b40a00703bfa/transcript

The balance sheet is looking strong for Briscoe Group, which managed to score a few goals late in the game. 

The retailer's posted record annual sales of close to $800 million, for the year ending January 25th. 

Its homeware brand Briscoes saw 1.42 percent sales growth - while Rebel Sport trailed with growth of 0.13 percent.

Managing director Rod Duke says the business just changed its promotions approach slightly. 

"Generally, the market from about Black Friday just eased up a bit. People just got a bit more confident."

LISTEN ABOVE

The balance sheet is looking strong for Briscoe Group, which managed to score a few goals late in the game.&nbsp;
The retailer's posted record annual sales of close to $800 million, for the year ending January 25th.&nbsp;
Its homeware brand Briscoes saw 1.42 percent sales growth - while Rebel Sport trailed with growth of 0.13 percent.
Managing director Rod Duke says the business just changed its promotions approach slightly.&nbsp;
"Generally, the market from about Black Friday just eased up a bit. People just got a bit more confident."
LISTEN ABOVE

Rod Duke: Briscoe Group managing director on the business posting steady result in tough financial year

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/cf65c757-7352-4ac4-99db-b40a006187ba/transcript

Public health experts have noticed this latest Covid wave is worsening as fewer Kiwis are getting vaccination boosters and tests, and it's renewed debate about sick leave.

Wastewater analysis from PHF Science shows that the number of cases is at the highest rate it's been for over six months, and Health NZ says there's been 50 hospitalisations and 19 deaths from the virus this week.

Otago University associate professor Paula O'Kane says it's important to let sick leave accrue every year - and stay consistent as Kiwis move jobs.

"It would give people access to better sick leave, it might discourage misuse of sick leave, and when people are actually sick for a longer period of time, they're better covered. So it would really help to deal with issues around people's long-term illness, for example." 

LISTEN ABOVE

Public health experts have noticed this latest Covid wave is worsening as fewer Kiwis are getting vaccination boosters and tests, and it's renewed debate about sick leave.
Wastewater analysis from PHF Science shows that the number of cases is at the highest rate it's been for over six months, and Health NZ says there's been 50 hospitalisations and 19 deaths from the virus this week.
Otago University associate professor Paula O'Kane says it's important to let sick leave accrue every year - and stay consistent as Kiwis move jobs.
"It would give people access to better sick leave, it might discourage misuse of sick leave, and when people are actually sick for a longer period of time, they're better covered. So it would really help to deal with issues around people's long-term illness, for example."&nbsp;
LISTEN ABOVE

Paula O'Kane: Otago University associate professor calls for changes to be made to sick leave

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/e334b63a-9a74-4c0d-966b-b40a005b078b/transcript

Irene King: aviation commentator on Air New Zealand lifting fares in response to Middle East conflict

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