Richard Thompson, Air NZ CFO, joins us to discuss the headwinds facing our national carrier. With engine disruptions pushing costs skyward and grounding sections of the fleet, and up against a tough economy, Richard explains why he remains confident in Air NZ’s future.
Why are the new engines from Rolls-Royce lasting only a quarter of their normal maintenance cycle? How do unseen costs like extra inventory play into the engine crisis? How does a weak NZ dollar impact the cost of US parts and materials? And why has the airline chosen this troubled time to carry out a $100 million share buyback?
Plus, how rising costs of entry—including pricey visas and a conservation levy—have become a "friction point" for our visitors.
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