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Home » Stock Market News » Air New Zealand’s local business could expand by 20%-30%, CEO says

Air New Zealand’s local business could expand by 20%-30%, CEO says

Written by Miroslav Marinov
Miroslav Marinov
Miroslav Marinov, a financial news editor at TradingPedia, is engaged with observing and reporting on the tendencies in the Foreign Exchange Market, as currently his focus is set on the major currencies of eight developed nations worldwide.
, | Updated:

Air New Zealand Ltd could expand its domestic business by between 20% and 30% from pre-COVID 19 levels over the upcoming several years, according to the company’s CEO.

Air New Zealand’s domestic capacity, which is currently running at almost 40% of pre-pandemic levels, should start to recover from next week, with travel restrictions on Auckland being relaxed, the CEO added.

“We’ve got a terrific domestic business here in Air New Zealand and we see an opportunity to grow that more,” Air New Zealand’s Chief Executive Officer Greg Foran said during a CAPA Centre for Aviation event, cited by Reuters.

Prior to Auckland’s lockdown over an outbreak of the Delta strain, the airline’s capacity had recovered to 90% of pre-pandemic levels.

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