Air New Zealand Reports $336m Pre-Tax Loss as Fuel Costs Rise
Air New Zealand says hedging leaves its jet fuel bill $205m above expectations, with fuel prices taking a $135m bite out of the pre-tax result. It cites ongoing Rolls-Royce Trent 1000 and Pratt & Whitney PW1100 engine issues, weighing about $190m, while maintenance costs should be $50m-$100m lower. Operating costs rose 11.8% and aviation system charges may reach $1.2b in 2026. Forsyth Barr forecasts further large losses.
Coverage (5)
- Air NZ boss responds to Luxon's 'very poor' verdict on $336m loss (1news.co.nz)
- Air New Zealand posts $200m loss as fuel and engine costs bite (aerospaceglobalnews.com)
- 'Very challenging year': Air New Zealand posts $336 million loss (1news.co.nz)
- Air New Zealand plunges to $242 million loss as fuel and engine costs bite (rnz.co.nz)
- Air New Zealand reports $336 million pre-tax loss (nzherald.co.nz)