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Air New Zealand’s Profit Plunge | Auckland News
Air New Zealand just hit a brutal financial reality: a $242 million annual loss, despite soaring revenue to $7 billion. Fuel spikes from the Middle East conflict and crippling engine failures—costing an estimated $190 million—sapped all gains. No dividends for shareholders this year as leadership admits tough external pressures. CEO and chair focus on internal fixes like improving on-time performance and cutting costs, but volatile fuel prices and rising airport fees mean no earnings forecast for next year. Recovery is underway, but headwinds remain strong. Listen in comfort:Get a discount on…
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