# Air New Zealand financial performance > Live situation record from CLSTR: https://clstr.news/situations/air-new-zealand-financial-performance > Updated: 2026-08-27T18:45:00.000Z. Sources: 11. Developments: 2. Air New Zealand reported a pre-tax loss of NZ$336 million for the 2026 financial year, resulting in an after-tax net loss of NZ$242 million. This performance marks a sharp reversal from the NZ$164 million pre-tax profit recorded in the previous year. The airline attributed the losses to compounding factors, including surging jet fuel prices driven by conflict in the Middle East, which had a NZ$135 million impact on pre-tax results after hedging and adjustments. Additionally, ongoing engine availability issues involving Rolls-Royce Trent 1000 and Pratt & Whitney PW1100 models cost the carrier approximately NZ$190 million due to lost capacity, increased lease costs, and operating inefficiencies. Other pressures included rising aviation system costs and a NZ$139 million increase in maintenance expenses. Despite these challenges, total revenue rose 3.9% to NZ$7 billion, supported by a 4.8% increase in passenger revenue. Chief Executive Nikhil Ravishankar noted that engine-related disruptions are beginning to ease and that the airline is entering 2027 in a more reliable fleet position. However, New Zealand Prime Minister Christopher Luxon criticized the performance, describing it as a “very poor result.” ## Timeline ### 2026-08-27: Air New Zealand reports NZ$242 million annual net loss Air New Zealand reported a NZ$242 million annual net loss for 2026, driven by high jet fuel prices, engine availability issues, and rising maintenance costs, despite a slight increase in total revenue. 8 sources. https://clstr.news/cluster/air-new-zealand-reports-336-million-annual-loss ### 2026-08-23: Air New Zealand launches summer campaign and flight sales Air New Zealand and Tourism New Zealand have launched a summer-themed campaign featuring flight discounts for travel to Auckland and Christchurch starting in late 2026. 3 sources. https://clstr.news/cluster/air-new-zealand-launches-summer-campaign-and-flight-sales --- Cite as: Air New Zealand financial performance. CLSTR, https://clstr.news/situations/air-new-zealand-financial-performance