Air New Zealand has placed itself into a trading halt today to allow it time to more fully assess the operational and financial impacts of global travel restrictions.
It says it is further reducing capacity across its network as a result of the impact of Covid-19 on travel demand.
It says the long haul network Air New Zealand will be reducing its capacity by 85 percent over the coming months and will operate a minimal schedule to allow New Zealanders to return home and to keep trade corridors with Asia and North America open.
The Tasman and Pacific Island network capacity will significantly reduce between April and June, with details to be announced later this week.
On the domestic network, capacity will be reduced by about 30 percent in April and May but no routes will be suspended.
Source: rnz.co.nz Republished by arrangement.