Air NZ continuing to be whacked by aircraft availability issues

Air New Zealand says engines issues are still impacting earnings. (Getty)

Mon, 25 Nov 2024

Air New Zealand expects earnings before tax in the first half of its financial year to be in the range of $120 million to $160m.The national carrier issued guidance on Monday ahead of its investor day. Its range included approximately $10m of unused travel credit breakage, $30m of compensation from engine manufacturers relating to prior periods (as part of a broader compensation package) and a gain of approximately $20m on the sale and leaseback of four A320 aircraft. It also assumed an average jet fuel price of US$91 per barrel for the first h...

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