Convid-19 Challenges for Air New Zealand

I was having a conversation today and wondering about some of the more 'lean' regional routes and wondering if this was the beginning of their end... I was heartened to read this below

Air New Zealand is further reducing capacity across its network as a result of the impact of Covid-19 on travel demand. The airline placed itself into a trading halt today to allow it time to more fully assess the operational and financial impacts of global travel restrictions. On its long haul network Air New Zealand will be reducing its capacity by 85 percent over the coming months and will operate a minimal schedule to allow Kiwis to return home and to keep trade corridors with Asia and North America open. Full details of this schedule will be advised in the coming days. Among the long haul network capacity reductions, the airline can advise it is suspending flights between Auckland and Chicago, San Francisco, Houston, Buenos Aires, Vancouver, Tokyo Narita, Honolulu, Denpasar and Taipei from 30 March to 30 June. It is also suspending its London–Los Angeles service from 20 March (ex LAX) and 21 March (ex LHR) through to 30 June. The Tasman and Pacific Island network capacity will significantly reduce between April and June. Details of these schedule changes will be announced later this week. On the Domestic network, capacity will be reduced by around 30 percent in April and May but no routes will be suspended.

Source : Air New Zealand Press Release