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Air New Zealand Faces Profit Drop, Plans $20M Credit Use

Air New Zealand Faces Profit Drop, Plans $20M Credit Use

ByAIron Newsman April 17, 2025April 17, 2025

Air New Zealand forecasts a significant profit drop for the fiscal year ending June 30, predicting earnings of NZ$150 million to NZ$190 million, down from NZ$222 million last year. This decline is attributed to persistent engine reliability issues affecting key …

Read More Air New Zealand Faces Profit Drop, Plans $20M Credit UseContinue

Air New Zealand predicts profit drop in 2025 due to engine woes

Air New Zealand predicts profit drop in 2025 due to engine woes

ByAIron Newsman November 26, 2024November 26, 2024

Air New Zealand is facing a profit decline due to ongoing aero engine maintenance issues, predicting pre-tax profits between NZ$120 million and NZ$160 million for the first half of FY2025, down from NZ$185 million the previous year. Approximately 16% of …

Read More Air New Zealand predicts profit drop in 2025 due to engine woesContinue

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