Air New Zealand has reported a net profit of $126 million for the 2024–2025 financial year, down from $146 million a year earlier, and warned investors of more turbulence ahead.
The airline will pay a final dividend of 1.25 cents per share.
Revenue held steady at $6.8 billion, compared with $6.75 billion the previous year. Underlying profit was $189 million, down from $222 million, but still at the upper end of earlier guidance.
The airline said its flying capacity was cut by 4 percent as engine problems forced more planes out of service. By the second half of 2025, it expects 11 aircraft, about one-fifth of the fleet, to be grounded.
Routes to Seoul, South Korea, and Chicago have already been suspended, and passenger revenue fell by 2 percent to $5.9 billion….
Air New Zealand Profits Down as Demand Weakens and Engine Troubles Bite
