Air New Zealand posts $336 million pre-tax loss
Air New Zealand reported a $336 million pre-tax loss driven by higher fuel, maintenance and engine costs.
Air New Zealand has reported a $336 million pre-tax loss for the financial year, with jet fuel prices, engine availability, aviation systems costs and maintenance expenses cited as key factors. The airline's CEO said the company is targeting a return to profit in the next financial year, though this depends partly on fuel price movements. The airline is considering adjustments including fare changes, hedging strategies and reducing flight numbers to offset fuel costs.
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NZ Herald
Air New Zealand reports $336 million pre-tax loss
Higher fuel, maintenance and engine costs weighed on Air New Zealand's result.
1News
Air New Zealand posts $336 million loss
The airline said the loss was driven by jet fuel prices, engine availability, aviation systems costs and maintenance.
NZ Herald
Air New Zealand CEO targets return to profit in 2027 financial year – unless jet fuel prices have other ideas
Nikhil Ravishankar says fares, hedging and fewer flights needed to offset fuel costs.