Subscribe to RSS feedRise in Tasman capacity hurting
by
Obsidian
—
last modified
Mar 03, 2005 12:00 AM
Air New Zealand's cargo division says the oversupply of airlines on trans-Tasman routes has forced yields down and caused significant losses.
The airline is reviewing its trans-Tasman operations and said it will need to take out a further 15-20% of costs for it to be sustainable.
Air New Zealand told Lloyds List DCN that cargo capacity on trans-Tasman routes has grown...
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