FILE PHOTO: The logo for Air New Zealand is displayed at their office located at Sydney International Airport, Australia, June 20, 2017. REUTERS/David Gray/File Photo
New Zealand’s flag carrier cut its total overall network capacity by about 10%, and capacity on flights to Australia by 7%. “The airline now believes that the financial impact is likely to be more significant than previously estimated and, with the situation evolving at such a rapid pace, the airline is not in a position to provide an earnings outlook ...,” it said in a statement.
CEO Greg Foran has offered to reduce his base pay by about 15%, while the company’s executive team will extend a freeze on its salaries that has been in place since May 2019, the airline said.
Odd name for a virus out of China
The first of many, many more.
RT : Air New Zealand withdraws 2020 earnings guidance due to coronavirus impact
Help. Everyday i get tortured by the fbi for fun. I just want to live a normal life without being bother by radio waves. I am very depressed by my situation i am going through and people think its fun and games. This is not right and it needs to stop. Please help me, speak up!