Andy Bowley: Forsyth Barr Head of Research on their prediction Air NZ will lose $338 million this financial year

Best of Business · Oct 27, 2026 · 4m · transcript

Amidst an already bad time for airlines, an analyst says Air New Zealand faces a unique set of challenges.

Forsyth Barr expects the airline to lose $338 million before tax this financial year.

Its passenger revenue is up 12% year-on-year, but fuel is costing it about $6.8 million a day.

Forsyth Barr Head of Research Andy Bowley told Mike Hosking engine issues is one challenge, with another being sales.

He says Kiwis make up half of their sales, and we've been in and out of recession for the last three years.

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