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Air New Zealand Faces NZ$59 Million Loss Amid Challenges

2/26/2026

44 7 Full Breakdown

Summary

Story summary

Air New Zealand reported a NZ$59 million loss before tax for the half-year, down from NZ$144 million profit last year.
The loss was driven by engine maintenance delays, weak travel demand, and rising costs.
Nikhil Ravishankar, Air New Zealand CEO, announced a strategic review to restore profitability.
Second-half earnings are expected to be flat or lower because of cost pressures and aircraft availability uncertainty.

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Story summary

Air New Zealand reported a NZ$59 million loss before tax for the half-year, down from NZ$144 million profit last year.
The loss was driven by engine maintenance delays, weak travel demand, and rising costs.
Nikhil Ravishankar, Air New Zealand CEO, announced a strategic review to restore profitability.
Second-half earnings are expected to be flat or lower because of cost pressures and aircraft availability uncertainty.