Analysts warn of years of turbulence for Air NZ

Air NZ’s capacity is facing ongoing disruption from engine maintenance issues. (Image: NZME)

Fri, 29 Aug 2025

Analysts are flagging years of turbulence ahead for Air New Zealand, with one recommending a sell rating following the airline’s lacklustre full-year result, which was marred by engine maintenance issues.On Thursday, Air NZ reported a before-tax profit of $189m, down 15% on the previous year.In a research note following the result, UBS analyst Marcus Curly downgraded the airline’s 12-month rating from neutral to sell.It stated that the airline’s performance was impacted by aircraft availability and higher non-fuel operati...

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