AIA ok despite Air NZ and tourist setbacks

By Phil Boeyen, ShareChat Business News Editor

Thursday 27th September 2001

Auckland International Airport (NZSE: AIA) says passenger numbers are holding up and also has words of praise for the work the government is doing to keep Air New Zealand (NZSE: AIRVA) viable.

MD John Goulter has reported that since the US terrorist attacks two weeks ago, passenger numbers through the airport have continued at levels ahead of the previous year.

Although the company remains concerned at the effects of the attacks on international air travel, Mr Goulter says early indications are that people are getting on with their business and continuing to travel.

"We are in constant contact with a number of the major players and it is pleasing to hear that New Zealand is rated a comparatively safe destination and we hope that perception never, ever changes."

Mr Goulter says the difficulties being experienced by Air New Zealand have resulted in huge gestures of support for them from within the airport community and a steeling of resolve for everyone concerned to help them pull through.

"That support is simply a result of how well Air New Zealand is thought of and the dignity and professionalism with which their staff have got on with the job under severe duress.

"Air New Zealand remains the lynchpin of the inbound tourism industry in New Zealand. Many companies nationwide have linked their business success and investment strategy to the success of Air New Zealand."

The AIA chief says Prime Minister Helen Clark and Finance Minister Michael Cullen need to be complimented for their efforts to keep Air New Zealand flying.

"It has been a period of negation involving unbelievable frustration for all concerned".

Mr Goulter says it has taken a long time to build up New Zealand's highly respected international reputation and a vibrant and secure Air New Zealand is critical to maintaining it.

AIA shares were sold down heavily in the wake of the US attacks but have been rising steadily in recent days.

Comments from our readers

No comments yet