KMD's shares plunged 46% to 6.1 cents after market open.
Perfect storm of high fuel prices, low airline capacity, and significant investment in ground and air assets will serve to keep airfares in the clouds.
The retail group also confirmed online platform TheMarket’s fate.
Visitor numbers are up, along with revenues for the group and its tenants.
While there was still demand for licences, the overall result continues a declining trend.
The joint venture has invested $9.9m in US agbio startup ArkeaBio run by Kiwi expat Colin South.
The specialised workers join many others as casualties of the bank’s accelerating offshoring efforts that now span low and high-level roles across the business.
But CEO Antonia Watson warns the number of customers falling behind on their mortgage repayments is rising.
Dual-listed tourism and recreational vehicle company punished after a ‘dramatic’ change to its earnings forecast.
Group net profit up 20% to $562m, with decline in bank’s net interest margin and customer deposits.