Air New Zealand focused on cost control due to aircraft groundings: CEO
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Background ✨
Air New Zealand faced ongoing challenges due to engine maintenance requirements affecting up to six A321neo and three 787 aircraft, significantly impacting its operations and financial performance1 2. The airline anticipated earnings before taxation in H1FY2025 to be between NZD120 million and NZD160 million, including compensation from engine issues and gains from aircraft sales3. In response to these challenges, Air New Zealand implemented cost discipline measures, including a 2% reduction in headcount4.