Air New Zealand's assuring it's on track for economic stability.

The national airline's announced a first-half before-tax loss of $59 million.

CEO Nikhil Ravishankar says the result's driven by challenges from aircraft being grounded, a softer recovery than expected - and rising costs. 

But he says they'll be well on the road to recovery over the next two to three years. 

"One of the key reasons I say that so confidently is for the first time in six years, we've got new aircraft coming back into the fleet and we're solving engine issues." 

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Air New Zealand's assuring it's on track for economic stability.
The national airline's announced a first-half before-tax loss of $59 million.
CEO Nikhil Ravishankar says the result's driven by challenges from aircraft being grounded, a softer recovery than expected - and rising costs.&nbsp;
But he says they'll be well on the road to recovery over the next two to three years.&nbsp;
"One of the key reasons I say that so confidently is for the first time in six years, we've got new aircraft coming back into the fleet and we're solving engine issues."&nbsp;
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

Nikhil Ravishankar: Air New Zealand CEO says airline on the road to recovery following first half financial loss

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/8d7b672c-981b-4122-83b4-b3fd004b425b/transcript