Air NZ CEO: Up to 5000 seats out of action every day due to engine problems

NZ Herald

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Air NZ CEO: Up to 5000 seats out of action every day due to engine problems

Air New Zealand chief executive Greg Foran says it will likely be two to three years before the airline is back to full capacity. “Between the Covid...

Air Journal

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Air New Zealand's profits for the first half of fiscal year 2025 fell as the airline continued to face reduced demand, other economic factors and engine problems affecting a significant portion of its main fleet. The Auckland-based carrier saw its pre-tax profit decline to NZ$155 million ($88 million) for the six months to 31 December 2024, a significant decrease from the NZ$185 million ($105 million) reported a year earlier.

ch-aviation

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Aircraft groundings to worsen at Air New Zealand

Air New Zealand (NZ, Auckland International) warns its problems with grounded aircraft will get worse before they get better. During a February 20, 2025, investors' call, CEO Greg Foran said the airline was likely to have 11 aircraft - one-fifth of the fleet - on the ground in the latter half of 2025 because of engine issues, which will have a significant impact on the carrier despite its best mitigation efforts. "Our fleet situation will not im…

aerotime.aero

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Air New Zealand reports profits down as engine issues continue to plague carrier

Air New Zealand’s underlying profits for the first half of its 2025 financial year fell as the airline continued to grapple with suppressed demand, other economic factors, and engine issues affecting a significant proportion of its mainline fleet. The Auckland-based carrier saw its earnings before tax fall to NZ$155 million ($88 mn) for the six months until December 31, 2024. This figure represents a significant drop from NZ$185 million ($105mn)…

ITTN

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Air New Zealand Posts Strong Profit Growth

Global aviation’s robust health post-Covid continues to improve, with Air New Zealand the latest international carrier to show strong profits. Air New Zealand Chair Dame Therese Walsh said the result highlights the airline’s resilience and adaptability, amid a continuation of significant operational and economic headwinds that have persisted since the second half of the 2024 financial year. “This is a strong result when you consider the headwind…

Flight Global

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Air NZ flags challenging second half as ‘uncertainty’ grows over ...

Air New Zealand expects a “significantly lower” financial performance for the six months to end-June, as it continues to be impacted by engine issues on its Airbus A320neo family aircraft and Boeing 787 fleets.