Air New Zealand attributes net loss in H1FY2026 to 'global engine maintenance delays'
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Background ✨
Air New Zealand’s prior outlook for H1FY2026 shifted from expecting earnings before taxation “similar to or less than” NZD34 million in H2FY2025 to a loss before taxation of NZD30 million to NZD55 million, citing softer domestic and US bookings, higher engine lease costs and a NZD10 million CORSIA uplift.1 In FY2025, it reported NZD189 million earnings before taxation amid engine maintenance disruption that removed six narrowbodies and five widebodies from service at times, with NZD129 million manufacturer compensation.2