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Air New Zealand Projects Up to NZ$55M Loss Amid Rising Costs

10/22/2025

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Summary

Story summary

Air New Zealand forecasts a first-half pre-tax loss of NZ$30 million to NZ$55 million for fiscal year 2026 (FY2026).
September recorded 1.6 million passengers, with capacity rising 4% and revenue lagging due to fuel costs.
Engine lease expenses are projected to rise NZ$20 million, while carbon obligations add NZ$10 million.
The airline is implementing cost-saving measures and plans to increase capacity in FY2026's second half, while engine negotiations remain uncertain.

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Story summary

Air New Zealand forecasts a first-half pre-tax loss of NZ$30 million to NZ$55 million for fiscal year 2026 (FY2026).
September recorded 1.6 million passengers, with capacity rising 4% and revenue lagging due to fuel costs.
Engine lease expenses are projected to rise NZ$20 million, while carbon obligations add NZ$10 million.
The airline is implementing cost-saving measures and plans to increase capacity in FY2026's second half, while engine negotiations remain uncertain.