Air New Zealand profits plummet 55%, layoffs on the way

Air New Zealand's net earnings for the six-month period ended Dec. 31 plunged 55% to NZ$46 million ($30.3 million), prompting the carrier to say that "streamlining and simplifying the business would now dominate" CEO Rob Fyfe's agenda. "Air New Zealand will become a nimble and fast-moving airline...

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