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."

LISTEN ABOVE

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

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

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

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/e47ecff8-24be-4448-b86b-b34700525122/transcript