3-minute read
Imports in April 2020 had their biggest fall since October 2009, resulting in a monthly trade surplus of $1.3 billion, Stats NZ said today.
“This is the largest monthly trade surplus on record and the annual goods trade deficit is the lowest since March 2015,” international statistics manager Darren Allan said.
4-minute read
New Zealand Trade and Enterprise says interest in fresh New Zealand produce is surging in China, Taiwan, and Hong Kong. The Chinese economy is beginning to recover after two months in lockdown due to the coronavirus – but the path to recovery is uneven.
3-minute read
The Government is freezing charges at the border to help export and import businesses and protect jobs from the impacts of COVID-19, said Minister of Customs Jenny Salesa.
A new fee regime for exporters and importers due to come in on 1 June has been put on hold for at least 12 months.
3-minute read
The International Air Transport Association (IATA) released a new analysis showing that the damage to air travel from COVID-19 extends into the medium-term, with long-haul / international travel being the most severely impacted.
8-minute read (12-minute watch (feel free to increase play speed 2X))
Why are airplanes grounded when the world needs it most? How will airlines fly again? it employs millions and acts as the central nervous system of international business and leisure.
YOU’LL LEARN:
3-minute read
The Government is freezing charges at the border to help export and import businesses and protect jobs from the impacts of COVID-19, said Minister of Customs Jenny Salesa.
4-minute read
With the outbreak of COVID-19, many governments implemented strict social distancing requirements to help limit the spread of the virus. Some governments have applied similar measures to air travel, including that airlines should leave empty seats between passengers in the aircraft.
When such policies are pursued, the seat load factor of an aircraft is artificially capped.
7-minute read
Government support to help restore international air freight capacity has added 56 weekly cargo flights from New Zealand, with more to come, Transport Minister Phil Twyford announced today.
2-minute read
Domestic transport and logistic services are in heavy demand replenishing stores with food and other consumer goods which have come into demand following preparations for the potential domestic impact of the coronavirus.
7-minute read
KEY POINTS
• Our April 2020 survey of airline CFOs and Heads of Cargo confirmed the sharp weakening in the Q1 business environment amid the spread of COVID-19.
The challenging business backdrop – including weakness in profitability – is expected to be maintained through the next twelve months.
• Passenger and cargo demand both collapsed in Q1, although the decline was more pronounced for passenger traffic.
Yield developments were mixed, with respondents reporting that passenger yields eased over the course of the quarter, while cargo yields increased.