Air New Zealand has joined other airlines in cutting capacity to Asia in light of the coronavirus.Credit:AAP
Air New Zealand's new chief executive Greg Foran said he would spend his first 100 days in the job conducting a review of operations.
“The diagnostic of the airline will look at how we can drive long-term sustainable outcomes for our customers,our staff,the broader community and our shareholders,” said Mr Foran,a former executive at Australian retailer Woolworths and most recently US giant Walmart.
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The carrier - which is dual listed on the Australian and New Zealand stock exchanges - has been rattled by the coronavirus outbreak,and earlier this week said it expected a financial hit of up to $75 million from the health crisis.
Air New Zealand,like Qantas and Virgin Australia,has cut capacity to Asia and on the trans-Tasman routes,and suspended services toShanghai and Seoul to limit the damage.
“Air New Zealanders from across the business have been working around the clock to manage the impact of the Covid-19 outbreak,” Mr Foran said.
"Our business is resilient,and we have demonstrated the ability time and again to respond quickly to changing market conditions."