Air New Zealand records $242 million loss as costs soar
Air New Zealand posted a full-year net loss of $242 million, driven by higher fuel prices, engine availability issues and rising maintenance costs.
New Zealand's national airline reported a full-year net loss of $242 million in what it described as a very challenging year for aviation. The loss was largely driven by increased fuel prices, engine availability issues, maintenance costs and aviation system costs that rose well above inflation.
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Soaring costs tailspin Air NZ into a $242m loss in 'very challenging' year for aviation
New Zealand’s national airline says the full-year net loss of $242 million was largely driven by increased fuel prices, engine availability issues, maintenance costs and aviation system costs rising at a rate well above inflation