Kiwi carrier expects earnings for 1H ’25 in the range of NZ$120-160m.
Despite a range of mitigation strategies over the past six months, Air NZ has confirmed a lack of aircraft availability will dent its earnings for 1H 2025.
The expected range of NZ$120-160 million was significantly impacted by engine issues, with Air NZ forced to ground six Airbus neos and four B787s during the first half period.
Of particular concern to the carrier is the forecast that these issues are unlikely to be resolved until early 2026, effectively extending the absence of 16% of its fleet.
To combat the shortfall, Air NZ said it is exploring a range of strategies to increase capacity, including further aircraft leases.
Air NZ declined to provide a financial guidance when releasing its yearly results in August, citing tough trading conditions and “uncertainty”.
More details in today’s issue of Travel Daily.