A look at the week
By Jordan Chong
Interim results from Air New Zealand (Air NZ) and Qantas Group, published yesterday, highlighted the difficulties faced by airlines from international border closures.
They also emphasised the full recovery from the pandemic for the region’s airlines hinged on the global COVID-19 vaccination rollout.
Qantas Group said its international network was operating at 8% of pre-COVID-19 levels, which included limited trans-Tasman flying and repatriation flights flown on behalf of the Australian government.
The airline company said this was unlikely to materially increase between now and the end of its 2020-2021 financial year, to June 30. It has delayed the resumption of broad international flying to at least October. Previously, it had an ambitious plan to resume international routes from July even though the Australian government's travel restrictions were unlikely to be lifted by then. Read More »