Air NZ warns 2025 looks bumpy after profit and earnings fall more than 60%

Air NZ warns 2025 looks bumpy after profit and earnings fall more than 60%
Air NZ has faced increased competition from US carriers. (Image: NZME)
Rebecca Stevenson
Air New Zealand says it has taken a $100 million hit to earnings due to ongoing engine issues. The airline reported its full-year result for the 12 months to June 30 on Thursday morning. Earnings before tax came in at $222m, more than halved from the prior financial year when it recorded one of its highest-ever results following the reopening of New Zealand’s borders. Net profit after tax was $146m, a fall of 65% on the previous year. Air NZ said the second half of the financial year was increasingly challenging, with...

More Markets

NZ stocks end flat as US Fed decision looms
Markets Market Close

NZ stocks end flat as US Fed decision looms

Market finishes slightly down as telco company Spark loses more ground.

Jamie Gray 12 Sep 2025
Locate Technologies plans to quit ASX for NZX
Markets

Locate Technologies plans to quit ASX for NZX

Bitcoin-favouring Locate Technologies eyes move to NZX's main board.

Staff reporters 12 Sep 2025
Vital takeover bid passes threshold at 11th hour
Markets

Vital takeover bid passes threshold at 11th hour

Tait International has secured acceptances to meet the 90% minimum condition for its Vital takeover less than a day before the offer was set to expire.Vital filed a substantial product holder (SPH) notice to the NZX on Friday morning, which showed Tait's stake lifted to 92.1%...

Gregor Thompson 12 Sep 2025
Tower again hikes FY underlying profit outlook
Markets

Tower again hikes FY underlying profit outlook

Insurer sees FY underling profit up as large events weigh less than expected     

Staff reporters 12 Sep 2025