18th June 2020 Corporate / NZXThe company wants to bolster its balance sheet to help cope with the impacts of Covid-19.
17th June 2020 Corporate / PeopleThe resignations are the latest high-profile departures from the country’s beleaguered tourism industry.
16th June 2020 CorporateNZX-listed Augusta Capital is again the target of a takeover, with Australian company Centuria renewing an earlier bid.
11th June 2020 Air NZ / CorporateAir New Zealand has highlighted its $900m facility from the Government in response to speculation it is considering a capital raise both here and in Australia.
11th June 2020 Airport / CorporateWellington International Airport Limited has secured a $75.76m facility from its two shareholders to help cope with the impact of Covid-19.
5th June 2020 Corporate / NZXTourism stocks have rallied with Tourism Holdings leading the charge.
28th May 2020 Corporate / NZXTourism companies listed on the stock exchange have recovered some lost ground this week after announcing restructuring.
27th May 2020 Corporate / PortsThe port’s higher revenue from pre-Covid cruise ship visits has helped lift profit.
26th May 2020 Air NZ / CorporateThe restructuring is expected to cost up to $160m, says the airline.
5th May 2020 CorporateSharemarket investors remain cautious despite cash flow assurances by NZX-listed online travel booking software company, Serko.
1st May 2020 Corporate / NZICCSkyCity Entertainment and the Government have set the delivery deadline for the New Zealand International Convention Centre to be the start of 2025.
30th April 2020 Airports / CorporateThe successful issue follows a $1bn raise earlier this month.
28th April 2020 Corporate / PropertyBayleys Realty Group has bought tourism property and business specialist Resort Brokers.
23rd April 2020 Corporate / EmploymentNgāi Tahu Tourism could lose nearly two-thirds of its workforce as its operations shut for the foreseeable future.
22nd April 2020 Air NZ / CorporateMystery surrounds a surge in the airline’s stock price of nearly 70%.
8th April 2020 Airports / CorporateAuckland International Airport has successfully completed its placement of $1bn worth of shares.
6th April 2020 Airports / CorporateAuckland International Airport says it will raise up to $1.2bn to ensure it remains well capitalised during the Covid-19 lockdown and prepared for recovery.
6th April 2020 Corporate / RentalA “significant number” of employees have been placed on leave, been furloughed, or have left, says the operator.
3rd April 2020 Corporate / Covid-19The operator says it will become a “much smaller, domestically focused” business.
24th March 2020 Corporate / Covid-19There may be worse to come as investors take the hit and run to cash, says a broker.
20th March 2020 Corporate / Covid-19Tourism Holdings has cancelled its interim dividend and slashed the salaries of its senior executives.
19th March 2020 Corporate / Covid-19The Auckland-based operator says that closure of casinos may soon be on the cards.
17th March 2020 Corporate / Covid-19NZX-listed tourism stocks continued to be hit by the coronavirus pandemic with temporary trading halts by Air New Zealand and hotel operator Millennium & Copthorne stemming the tide.
13th March 2020 Corporate / Covid-19Auckland Airport and Tourism Holdings have both revisted their earnings guidance in the wake of international border restrictions as governments seek to combat the COVID-19 outbreak.
12th March 2020 Airports / CorporateThe NZX has placed a trading halt on Auckland International Airport Limited’s ordinary shares.
2nd March 2020 Airports / CorporateThe late opening of a Novotel hotel and higher operating expenses, insurance and rates reduced Christchurch International Airport Limited’s profit for the six months ending December 2019.
2nd March 2020 Corporate / RailIncome from the SOE’s Interislander and scenic trains services fell in the six months to December 2019.
28th February 2020 Corporate / RentalRevenue from the operator’s NZ tourism businesses fell in the six months to December.
28th February 2020 Air NZ / CorporateAir New Zealand chief executive Greg Foran has embarked on a “diagnostic” cost cutting programme of the airline.
27th February 2020 Airlines / CorporateAir New Zealand’s costs outstripped increased passenger revenue and it has reported a sharp fall in after-tax profit for the six months ending December 2019.
26th February 2020 Corporate / Covid-19Online travel booking company Serko’s share price is among the tourism-related stock to take a hit this week.
24th February 2020 Corporate / Covid-19The airline also says it will suspend its Korea service, reducing Asia capacity by 17% until June this year.
24th February 2020 Airports / CorporateQueenstown Airport Corporation (QAC) has delivered a firm bottom line profit after expenses and tax of $10.8m, up by $2.5m (30%) compared with the same previous corresponding period.
21st February 2020 Corporate / Covid-19Skyline Enterprises’ gondola, luge, and restaurant operations in Queenstown and Rotorua have seen a 12-15% drop in numbers as a result of Coronavirus, while its Sentosa Luge in Singapore is down 50-60%.
21st February 2020 Corporate / SkydiveExperience Co’s New Zealand jump sites saw tandem volume fall to 23,414 for the six months to 31 December 2019, down 14.4% on the same period a year earlier.
20th February 2020 Airports / CorporateA new domestic jet hub and a $350m+ arrivals area at the international terminal have been unveiled.
19th February 2020 Corporate / JucyThe Alpe family’s JUCY group has sold a 50% stake in its pod-hotel business to Australian-listed EVENT Hospitality & Entertainment to kick-start expansion across “New Zealand, Australia and beyond.”
14th February 2020 Corporate / HotelA slowdown in its international business, even before coronavirus, has prompted caution from the operator.
13th February 2020 Corporate / NZICCThe operator says in its interim results that it has claimed around $240m in insurance from the NZICC fire.
11th February 2020 Corporate / Covid-19Market watchers are anticipating in-depth reports about how tourism companies are coping with coronavirus and the financial impact they expect.
11th February 2020 Corporate / HotelsThe hotel group says it expects to miss out on more revenue because of the outbreak.
7th February 2020 Corporate / RentalThe operator gave the guidance in light of the “significant and uncertain events facing the tourism industry”.
4th December 2019 Attraction / CorporateThe owner of Auckland’s Rainbow’s End and Rotorua’s Polynesian Spa has painted contrasting pictures for the two attractions in its latest interim results for the six months to September 2019.
29th November 2019 Corporate / Scenic FlightThe sale of a 33% stake in the operator marks the start of a new chapter for the business.
27th November 2019 Corporate / Scenic FlightTourism stalwart Michael Becker has bought into Auckland Seaplanes and Waiheke Wings as the scenic flight operator sets course for growth.
22nd November 2019 Adventure / CorporateOne of Australasia’s most acquisitive operators in recent years has put that strategy in reverse with the announcement that it is now selling businesses, most of which were bought in the past three years.
21st November 2019 Corporate / SerkoStrong growth in New Zealand and Australia has seen ‘pleasing’ results for online travel booking and expense management firm Serko.
20th November 2019 Corporate / CruiseA bumper cruise season contributed to a strong year for Napier Port, which saw revenue and earnings ahead of the forecast prepared for its Initial Public Offering in July.
18th November 2019 Airports / CorporateThe operator has posted a 7.7% increase in passenger numbers, as it ploughs ahead with a $4.4m upgrade.
11th November 2019 CorporateThe CEO on the current slowdown, responding to aggressive pricing, and NTT’s Queenstown hotpools and electric jet boat projects.
