nzherald.co.nz

Air New Zealand Reports $336m Pre-Tax Loss as Fuel Costs Rise

Air New Zealand logoAir New Zealand
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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.

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