Air New Zealand is undertaking significant cost-cutting efforts in response to higher fuel prices. The carrier has identified about NZ$30 million ($20.6 million) in costs that can be removed before July 1, CEO Christopher Luxon told employees in a memo the week of Nov. 26. “These savings will come from a mix of turning off programs of work, resource reductions and tightening up on discretionary spend,” he said. In addition, Luxon said he has tasked his senior executives with ...

Subscribe to Access this Entire Article

"Air New Zealand on cost-saving drive" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.