Skift Take
An intense battle for transpacific passengers is underway, with Air New Zealand having to work hard to maintain its historically strong market position.
Major U.S. airlines are bringing “unprecedented competition” to the transpacific market. The comments from Air New Zealand come as the Kiwi flag carrier lowered its earnings guidance for the current financial year.
The company published its 2024 interim results on Monday. It said that a deterioration in the economic and operational environment is expected to have a “significant adverse impact” on its performance during the second half of its fiscal year.
While the Auckland-based airline is facing headwinds on multiple fronts, it highlighted the aggressive expansion of U.S. carriers as a particular source of pain.
Amid the post-pandemic travel boom, all of the major international U.S. carriers now have New Zealand on their route network.
<