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Hot deals but weaker revenue growth from Air NZ

January 31, 2019 Headline News No Comments Email Email

Air New Zealand has launched “Grabaseat” domestic sales promotions – and hot trans-Tasman deals to frequent fliers in Australia – as it acknowledges that Rolls-Royce engine issues have bitten into its revenue growth.

The New Zealand carrier said yesterday it expected weaker revenue growth and profit in its 2019 financial year. The reasons include costs stemming from problems with some of the Rolls-Royce engines powering its new aircraft.

The airline said it expects pre-tax earnings of between NZD 340 million and NZD 400 million for the year to 30 June 2019, considerably lower than initial guidance of NZD 425 million to NZD 525 million.

MEANWHILE, Air New Zealand’s domestic online deal shop Grabaseat was anticipating a frenzy yesterday, with 500 flights to 12 destinations across the North and South Island available for just NZD 1 each way.

Dollar deals up for grabs included regional routes such as Gisborne-Wellington, Auckland-Kerikeri, Christchurch-Palmerston North, and Auckland-Rotorua, as well as 45 seats in each direction on both Auckland-Christchurch, and Auckland-Wellington.

Savvy Kiwi travellers looking for an international getaway could snap up NZD 99 one-way flights to Noumea and Niue, NZD 299 one-way fares from Auckland to San Francisco and Houston, and 90 return trips to Shanghai from NZD 649.

Air New Zealand chief revenue officer Cam Wallace said he expected the ultra-low prices to sell “in minutes”.

Air NZ B777-300ER

In another initiative, Air New Zealand will kick off the first ever direct scheduled service between Invercargill and Auckland at the end of August, flying non-stop from one end of the country to the other.

The airline will operate the direct flight five times a week using one of its A320 aircraft. The distance is 1188km, a little shorter than Melbourne-Brisbane.

Written by Peter Needham

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