Air New Zealand Pulls Back Capacity and Reviews Cost Base to Mitigate Softening Demand
No-moat-rated Air New Zealand is undertaking several initiatives to adjust its operations to reflect the more subdued growth outlook, which for the most part align with our current expectations. These initiatives include pulling back capacity growth to meet the market, deferring major aircraft deliveries and the associated capital expenditure, while adjusting the operating cost base to better reflect the softer demand. As we are confident the airline is nimble enough to adapt to the changing env...Air New Zealand is engaged in the transportation of passengers and cargo on an integrated network of scheduled airline services to, from and within New Zealand. Through its subsidiaries, Co. is also engaged in aviation, aircraft leasing and financing, investments, and engineering services. Co.'s geographical segments are New Zealand, Australia and Pacific Islands, United Kingdom and Europe, Asia, and America.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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