My second favourite airline Air NZ has been losing $NZ1 million per week on long haul traffic. It is now investigating ways to cut $NZ100 million out of expenses. Some of the rumours I have heard are:

• reducing London flights  (NZ flies to Heathrow via Los Angeles and via Hong Kong every day)
• pulling out of London altogether handing sectors over from LAX and HK to Virgin Atlantic
• slashing hundreds of jobs
• halting all “large  projects” (the message from Air NZ CEO Rob Fyfe: “no sacred cows”)
• reducing the quality of meals and service in Premium Economy and Business