businesstimes.com.sg

Air New Zealand Says Fuel and Engine Costs Push Profit Return Back

Air New Zealand logoAir New Zealand
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Rising fuel costs linked to the Middle East war are expected to cost Air New Zealand NZ$135 million even after fare hikes. A multi-year engine maintenance issue adds another NZ$190 million, forcing higher lease costs and reduced capacity on key routes. The airline expects ongoing pressure, including up to NZ$90 million in 2027 lease costs, and sees 2027 as a transition and recovery year.

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