[REVISION HISTORY]

Air New Zealand financial performance

Updated 1 time since CLSTR started tracking revisions of this situation.

What changed

2026-08-28 02:44 UTC → 2026-08-29 07:38 UTC · added ~~removed~~

Air New Zealand reported a pre-tax loss of ~~$336~~ NZ$336 million for the 2026 financial ~~year. While the deficit was narrower than the $356.5 million~~ year, resulting in an after-tax net loss ~~forecasted by analysts, it represented~~ of NZ$242 million. This performance marks a ~~significant~~ sharp reversal from the NZ$164 million pre-tax profit recorded in the previous ~~year’s earnings.~~ year. The airline attributed the ~~loss~~ losses to ~~rising~~ compounding factors, including surging jet fuel ~~costs and engine availability issues. Specifically,~~ prices driven by conflict in the Middle ~~East increased fuel expenses by an estimated $205~~ East, which had a NZ$135 million impact on pre-tax results after ~~hedging. Furthermore, maintenance~~ hedging and adjustments. Additionally, ongoing engine availability issues involving Rolls-Royce Trent 1000 and Pratt & Whitney PW1100 ~~engines~~ models cost the carrier approximately ~~$190~~ 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 ~~stated~~ noted that engine-related disruptions are beginning to ease ~~as aircraft return to service. Management expects fiscal~~ and that the airline is entering 2027 ~~to be~~ in a ~~year of transition and recovery.~~ more reliable fleet position. However, New Zealand Prime Minister Christopher Luxon criticized the performance, describing it as a “very poor result.”

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