Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  NEW ZEALAND STOCK EXCHANGE  >  Air New Zealand Limited    AIR   NZAIRE0001S2

SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Air New Zealand Limited : Volcanic Ash - Update 6

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/16/2011 | 12:15am CEST

The New Zealand Metservice has advised that low areas of ash down to 10,000ft continue to cover parts of the east coast of the South Island affecting flights into and out of Invercargill, Dunedin and Christchurch only.

A total of eleven services were cancelled yesterday evening into and out of these airports as a result.

“Since areas of ash arrived in our airspace on Sunday, Air New Zealand has been working closely with CAA and Metservice to ensure flight paths continue to avoid areas of ash, however ash at these new low levels gives us no choice but to cancel some services this morning,” says General Manager Airline Operations and Safety and Chief Pilot Captain David Morgan.

All domestic services up until midday today are cancelled to and from:

  • Invercargill
  • Dunedin
  • Christchurch

Trans-Tasman services from Christchurch up until midday today are on hold - this affects the following flights:

  • NZ895 Christchurch-Melbourne which was due to depart at 0900
  • NZ803 Christchurch-Brisbane which was due to depart at 0910

A further update will be provided before midday.

“Air New Zealand will not fly through ash and will continue to take guidance from CAA and the Metservice to ensure we can carry passengers where safe routes and altitudes are available,” says Captain Morgan.

Air New Zealand has operated almost 2,000 flights and carried approximately 100,000 passengers since ash arrived in New Zealand airspace on Sunday.

Ends

Issued by Air New Zealand Public Affairs ph +64 21 747 320

Air New Zealand is proud to be a member of Star Alliance. The Star Alliance network was established in 1997 as the first truly global airline alliance to offer worldwide reach, recognition and seamless service to the international traveller. Its acceptance by the market has been recognised by numerous awards, including the Air Transport World Market Leadership Award, Best Airline Alliance by both Business Traveller Magazine and Skytrax. The member airlines are: Adria Airways, Aegean Airlines, Air Canada, Air China, Air New Zealand, ANA, Asiana Airlines, Austrian, Blue1, bmi, Brussels Airlines, Continental Airlines, Croatia Airlines, EGYPTAIR, LOT Polish Airlines, Lufthansa, Scandinavian Airlines, Singapore Airlines, South African Airways, Spanair, SWISS, TAM Airlines, TAP Portugal, Turkish Airlines, THAI, United and US Airways. Air India, Avianca-TACA, Copa Airlines and Ethiopian Airlines have been announced as future members. Overall, the Star Alliance network offers 21,000 daily flights to 1,160 airports in 181 countries.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on AIR NEW ZEALAND LIMITED
09/24 AIR NEW ZEALAND : Transparency boosting NZ CEO pay
09/24 AIR NEW ZEALAND : NZs capital gains from Singapore alliance
09/24 AIR NEW ZEALAND : introduces new 1.1% credit card booking fee
09/23 AIR NEW ZEALAND : Auckland Airport pays $1500 staff bonus as profit soars
09/19 AIR NEW ZEALAND : 22 August 2016 - Air New Zealand to increase its premium seati..
09/18 AIR NEW ZEALAND : Etihad Airways named 'Best International Airline - Offline'
09/18 AIR NEW ZEALAND : Etihad Airways wins accolade at New Zealand Industry Awards
09/16 AIR NEW ZEALAND : Etihad Airways named 'Best Int’l Airline Offline at New ..
09/16 AIR NEW ZEALAND : Etihad Airways declared best int’l airline
09/16 AIR NEW ZEALAND : Etihad Airways named 'Best International Airline - Offline'
More news
Sector news : Airlines - NEC
09/23DJJustice Department Gets More Time to Study Alaska Air, Virgin America Merger
09/23 German airline TUIfly says no plans to link up with easyJet
09/23 DEUTSCHE LUFTHANSA : Cabin crew union calls for strikes at Lufthansa's Eurowings
09/22DJFormer McDonald's Executive to Sacrifice Incentives in Move to Dunkin' Brands
09/22 Airbus confident in supplier's plans to fix engine delays
More sector news : Airlines - NEC
News from SeekingAlpha
2015 ISHARES MSCI NEW ZEALAND CAPPED ETF : The Other Down Under
2015 Partnership Is Air New Zealand's Answer To Litmus Test
2015 Assurant's (AIZ) CEO Alan Colberg on Q4 2014 Results - Earnings Call Transcri..
2015 Assurant EPS of $0.87
2015 Notable earnings after Thursday?s close
Advertisement
Financials ( NZD)
Sales 2017 5 196 M
EBIT 2017 562 M
Net income 2017 378 M
Debt 2017 1 267 M
Yield 2017 12,3%
P/E ratio 2017 5,40
P/E ratio 2018 6,22
EV / Sales 2017 0,64x
EV / Sales 2018 0,65x
Capitalization 2 044 M
More Financials
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 6
Average target price 2,20  NZD
Spread / Average Target 21%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Christopher M. Luxon Chief Executive Officer
Antony John Carter Chairman
Bruce Parton Chief Operations Officer
Robert Stuart McDonald Chief Financial Officer
Paul Jonathon Bingham Independent Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
AIR NEW ZEALAND LIMITE..1 480
DELTA AIR LINES, INC.-23.50%29 043
RYANAIR HOLDINGS PLC-16.25%17 488
UNITED CONTINENTAL HOL..-11.08%16 427
AIR CHINA LTD.-12.47%12 801
CHINA EASTERN AIRLINES..-18.00%11 399
More Results