Air New Zealand FY 2026 Financial Results
Air New Zealand announced a pretax loss of NZ$336 million for the financial year ended 30 June 2026, which was narrower than the NZ$356.5 million loss forecast by Visible Alpha and represents the carrier’s largest annual loss in three years. The airline attributed a reduction of approximately NZ$190 million in profit to engine availability problems that have persisted since 2023 when Pratt & Whitney recalled more than 1,000 engines used on Airbus aircraft for inspections, leading to intermittent groundings. The company noted that the engine shortage is beginning to ease as additional aircraft are returning to service. Additionally, the ongoing Middle East conflict added NZ$205 million to the fuel bill after hedging, further pressuring profitability.