Air NZ Profit Dip As Post COVID Challenges Continue

Air NZ has blamed post-COVID inflation, supply chain issues and problems with GTF engines that power its A320neos for a profit decline.

Air NZ announced earnings before taxation of NZ$185 million for the first half of the 2024 financial year. with a net profit after taxation of $129 million.

The airline said this was an expected reduction on the comparable period last year when it recorded one of its highest-ever results following the rapid return of air travel as New Zealand’s borders reopened.

Passenger revenue of $3.1 billion was up 21 per cent, driven by a significant ramp-up in capacity read more ⇒

Source:: AirlineRatings.Com

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