Overview
- Air New Zealand reported a loss before tax of NZ$59 million for the six months to December 31, reversing a NZ$144 million profit a year earlier.
- The airline posted an after‑tax loss of NZ$40 million and did not declare a dividend for the period.
- Management blamed persistent engine maintenance delays, weaker‑than‑expected domestic demand recovery, and rising costs for the downturn.
- The reported loss exceeded the Visible Alpha consensus, which had projected a NZ$21 million loss.
- The company said it has begun a comprehensive review and business reset to restore profitability and improve operational performance.