6th September 2022 CorporateThe pandemic hurt the industry but how have tourism’s top pay packets fared? Not badly at all in some cases.
18th February 2021 Airports / CorporateAuckland Airport falls into the red but Queenstown and Christchurch manage to stay in the black – but only just.
18th February 2021 Corporate / SkyCityThe operator says its revenue was dragged down by weaker tourism-related business during the pandemic.
10th November 2020 Corporate / Flight CentreMD David Coombes says the travel agent has made heavy cuts to its Kiwi staff and stores.
28th October 2020 Corporate / SerkoOnline travel booking and expense management company Serko says its $10m share purchase plan has closed oversubscribed with applications totalling approximately $25m.
20th October 2020 Corporate / HelloworldMajor staff restructures, wage subsidies, hiring freezes and a reduction in director salaries were amongst the ways Helloworld cut costs as it responded to the Covid-19 crisis.
6th October 2020 CorporateOnline travel booking and expense management company Serko has raised $47.51m in a share placement.
2nd October 2020 Corporate / SerkoOnline travel booking and expense management company Serko is seeking new equity of up to $55m.
30th September 2020 Air NZ / CorporateThe company is burning through $65m-$85m of cash per month, shareholders hear at the airline’s AGM.
28th September 2020 CIAL / CorporateHowever, NZ remains “a highly desirable and attractive destination”, says the airport operator.
23rd September 2020 Corporate / RALAn increase in Sky Waka Gondola sightseeing guests was a saving grace for Ruapehu Alpine Lifts in a difficult ski season.
18th September 2020 Corporate / THLBut FY20 profit and revenue are down and Govt support is helping to keep its Waitomo business open.
18th September 2020 Corporate“We’re looking to bring ourselves back over a pretty tricky last 100 days and let the industry know we are winning,” executive director and founder John Wikstrom told the Ticker.
15th September 2020 Corporate / THLThe company says its underlying net profit for the period will be about $20m.
14th September 2020 Corporate / RentalApollo Tourism & Leisure is permanently closing its motorhome manufacturing factory in Auckland.
3rd September 2020 Corporate / SkyCityThe company received $337m in insurance to cover the repair bill for the NZICC blaze.
2nd September 2020 Corporate / TIAThe final quarter of FY20 saw the association “turn full focus to the pandemic” as the industry came to a standstill.
1st September 2020 Corporate / HotelsThe temporary closure of dozens of hotel rooms has become indefinite.
28th August 2020 Corporate / SkydiveRevenue from the operator’s NZ jump sites has been hit hard by the pandemic.
28th August 2020 Air NZ / CorporateDespite “incredible” domestic demand and more cargo, borders need to open for the airline to fully recover.
28th August 2020 Corporate / TravelAustralian-based international travel giant Flight Centre says it has laid off 70% of its 22,000 workforce globally and has posted a A$662m bottom line loss.
27th August 2020 Air NZ / CorporateThe pandemic is the most financially threatening event aviation and tourism have faced, says CEO Greg Foran.
27th August 2020 Air NZ / CorporateThe airline has announced one of the biggest losses in its history due to Covid-19 restrictions.
26th August 2020 Corporate / OTANew Zealand revenue contributions to ASX-listed Webjet fell in the year ended June by 39% to $20m as the effects of Covid-19 came into play.
26th August 2020 Corporate / CruiseLoss of cruise ship visits contributed to a decline in FY20 earnings, says Port Napier.
24th August 2020 Auckland Airport / CorporateAuckland International Airport employees will have the chance to buy into the company after the board approved a share purchase plan.
21st August 2020 Corporate / QACA bumper first half and swift action to cut costs and pause capex saw Queenstown Airport Corporation post an 8% increase in profit in its full year results.
21st August 2020 Airports / CorporateBut exactly when NZ’s borders will open fully to international travel was still anyone’s guess, says the CEO.
21st August 2020 Corporate / SkyCitySkyCity Entertainment Group has revised its expected earnings results for the year ended 30 June 2020 and says it will be “outside” previous forecasts.
20th August 2020 Airports / CorporateIt has been the most challenging period it has ever faced, says the company.
20th August 2020 CIAL / CorporateChristchurch Airport will suspend dividend payments until it complies with renegotiated bank covenants.
18th August 2020 Corporate / NZXTrading in Augusta’s shares would be suspended after the close of market on 19 August.
10th August 2020 CorporateAustralian company Centuria has more than 94% of acceptances in NZX-listed property syndicator Augusta and will compulsorily acquire remaining shares.
7th August 2020 Corporate / WIALWellington International Airport has revised the indicative issue margin range of its $75m six-year unsecured, unsubordinated, fixed-rate bonds to institutional and retail investors.
5th August 2020 Corporate / Skyline EnterprisesCovid-19 has marked a break in revenue growth for Queenstown-based Skyline Enterprises after a decade of solid gains.
3rd August 2020 Corporate / THLDomestic business was often clustered around school holidays and local bookings were 60% shorter in duration than international bookings.
3rd August 2020 Corporate / Wellington AirportWellington International Airport Limited is offering up to $75m of 6-year unsecured, unsubordinated, fixed rate bonds.
30th July 2020 Corporate / HotelsThe hotel group says in its interim results that it does not believe it has seen the full impact of the Covid-19 crisis.
29th July 2020 Airports / CorporateWellington International Airport’s bond offer of up to $75m will be used to repay $75m of bonds due to mature in May 2021.
28th July 2020 Airports / CorporateWellington International Airport is making a bond offer of up to $75m with the ability to accept oversubscriptions of up to $25m.
21st July 2020 CorporateThe operator’s Queenstown and Rotorua attractions have applied for STAPP support.
14th July 2020 Acquisition / CorporateAugusta Capital’s directors are recommending shareholders accept Australian-listed Centuria Capital’s offer to purchase the investment company.
10th July 2020 Acquisition / CorporateAustralian-listed Centuria Capital’s renewed takeover offer for New Zealand investment vehicle Augusta Capital has gone unconditional after gaining acceptance of 65% of shares.
9th July 2020 Corporate / SkyCitySkyCity Entertainment Group’s $50m retail share offer is falling back on underwriters to get over the line.
1st July 2020 Airport / CorporateAuckland Airport has carried out a swathe of cost cutting as it reports an expected slump in after-tax profit.
29th June 2020 Corporate / HotelsAugusta Capital’s annual net loss of $27m was mainly driven by write downs in the value of two tourism properties.
26th June 2020 Corporate / RentalThe operator says it has secured a $225m debt facility with its existing bankers.
24th June 2020 CorporateTourism booking levels were down 90% compared on March compared with the same month a year ago, booking software company Serko has reported.
19th June 2020 CorporateSkyCity Entertainment Group has completed its $180m institutional placement.
19th June 2020 Air NZ / CorporateThe airline will also incur restructuring costs of between $140m and $160m.
