Jake Nelson

The low-cost carrier was sentenced at Auckland District Court on Monday on 20 charges of breaching the NZ Fair Trading Act in 2022 and 2023. It had faced a potential fine of around $2.5 million, with a 25 per cent uplift based on its size and financial position.

Wright, who had pleaded not guilty to three charges, was convicted on accusations of asking the crash pilot to falsify flight records and of lying to police to obstruct the investigation, but no verdict was reached on whether he had allegedly perverted the course of justice on a third occasion.

Dubbed the “most significant transformation of the departure hall since the 1970s”, the project will see the installation of common-use self-service kiosks and automated bag drops to replace around 60 existing check-in desks by the end of the decade.

The Miami-based investment firm was held in contempt by a Delaware court over the approximately US$600,000 in fees, which it had been ordered to pay to former CFO Damien Alfalla, as revealed in legal documents unsealed earlier this month.

Australia’s second largest airline group achieved an underlying net profit after tax of $331 million in the 2025 financial year, up 27.8 per cent on 2024, and a statutory net profit after tax of $479 million, down 12.3 per cent. The airline brought in $5.8 billion in revenue, up 8.5 per cent on 2024.

In what will be Greg Foran’s last full year as CEO, the Kiwi flag carrier posted a net profit after taxation of NZ$126 million (around AU$113 million), down on the previous year, off the back of NZ$189 million in pre-tax earnings.