Air New Zealand expects to be short of planes for at least another two or three years. 

Our national carrier's recording an 18% drop in half-year profit. 

That follows a 65% in full-year profit last year. 

Chief Executive Greg Foran told Mike Hosking they're going into a period when up to 11 aircrafts will be out of action. 

He says it's a bit like playing a rugby match without the front row. 

LISTEN ABOVE 

Air New Zealand expects to be short of planes for at least another two or three years.&nbsp;
Our national carrier's recording an 18% drop in half-year profit.&nbsp;
That follows a 65% in full-year profit last year.&nbsp;
Chief Executive Greg Foran told Mike Hosking they're going into a period when up to 11 aircrafts will be out of action.&nbsp;
He says it's a bit like playing a rugby match without the front row.&nbsp;
LISTEN ABOVE&nbsp;

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more.

The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Greg Foran: Air New Zealand CEO on the out of action aircrafts and drop in profit

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/7f4a0632-4650-4279-a100-b28a01456807/transcript

National's finance spokesperson is holding firm that breaking up Foodstuffs is the best solution. 

If approved by the Commerce Commission, the party would carve off Pak'nSave from New World and Four Square to compete with each other and Woolworths. 

Foodstuffs is promising to fight the plan, saying it could increase food prices by making business less efficient.  

But Nicola Willis told Mike Hosking it's been a lengthy, analytical process. 

She says there's no doubt this restructure would benefit the Kiwi shopper given how unusual our grocery sector is. 

LISTEN ABOVE  

National's finance spokesperson is holding firm that breaking up Foodstuffs is the best solution.&nbsp;
If approved by the Commerce Commission, the party would carve off Pak'nSave from New World and Four Square to compete with each other and Woolworths.&nbsp;
Foodstuffs is promising to fight the plan, saying it could increase food prices by making business less efficient. &nbsp;
But Nicola Willis told Mike Hosking it's been a lengthy, analytical process.&nbsp;
She says there's no doubt this restructure would benefit the Kiwi shopper given how unusual our grocery sector is.&nbsp;
LISTEN ABOVE &nbsp;

Nicola Willis: National's Finance Spokesperson on their proposal to split Foodstuffs in two to drive supermarket competition

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/7c6b9332-dce5-419d-b736-b4c701568a7f/transcript

A warning from Foodstuffs that splitting it in two could increase prices.  

If re-elected, and if the Commerce Commission agrees, National would separate Pak'nSave from New World and Four Square to drive competition.  

The party says independent analysis shows prices could fall 3.5% a year after restructuring and 5% after six years.  

But Foodstuffs North Island Chair Dean Waddell told Mike Hosking the supermarket industry is already one of the most regulated.  

He says this policy would make business less efficient, with higher prices potentially passed onto consumers. 

Waddell says they plan to fight the policy. 

LISTEN ABOVE  

A warning from Foodstuffs that splitting it in two could increase prices. &nbsp;
If re-elected, and if the Commerce Commission agrees, National would separate Pak'nSave from New World and Four Square to drive competition. &nbsp;
The party says independent analysis shows prices could fall 3.5% a year after restructuring and 5% after six years. &nbsp;
But Foodstuffs North Island Chair Dean Waddell told Mike Hosking the supermarket industry is already one of the most regulated. &nbsp;
He says this policy would make business less efficient, with higher prices potentially passed onto consumers.&nbsp;
Waddell says they plan to fight the policy.&nbsp;
LISTEN ABOVE &nbsp;

Dean Waddell: Foodstuffs North Island Chair on National's plan to split up supermarkets

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/cad6099d-94f1-4c0a-a323-b4c7015151a9/transcript

Encouraging figures coming out of the job market. 

A new Seek report shows ads are up 0.6% – 9.7% higher than a year ago. 

Auckland is leading the charge with a notable 1% jump in ad numbers, its biggest rise in almost four years.  

Employers and Manufacturers Association Head of Advocacy Alan McDonald told Mike Hosking he didn't see that coming.  

He says it's really good to see Auckland's numbers higher than the national average, and hopes that continues later this morning when GDP figures come in.  

LISTEN ABOVE  

Encouraging figures coming out of the job market.&nbsp;
A new Seek report shows ads are up 0.6% – 9.7% higher than a year ago.&nbsp;
Auckland is leading the charge with a notable 1% jump in ad numbers, its biggest rise in almost four years. &nbsp;
Employers and Manufacturers Association Head of Advocacy Alan McDonald told Mike Hosking he didn't see that coming. &nbsp;
He says it's really good to see Auckland's numbers higher than the national average, and hopes that continues later this morning when GDP figures come in. &nbsp;
LISTEN ABOVE &nbsp;

Alan McDonald: Employers and Manufacturers Association Head of Advocacy on Auckland job ads seeing its biggest rise in four years

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/07b1cd78-553f-40c4-984f-b4c7014df9b4/transcript

Greg Foran: Air New Zealand CEO on the out of action aircrafts and drop in profit

In 1 playlist(s)

The Mike Hosking Breakfast

Social links

Follow podcast

Recent clips