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25 Nov 2024 21:37
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  •   Home > News > Business

    Air New Zealand expects its first-half earnings to drop -- partly because of a shortage of aircraft

    Air New Zealand expects its first-half earnings to drop -- partly because of a shortage of aircraft


    Air New Zealand
    Air New Zealand
    The national carrier expects its pre-tax profit to range from 120-to-160 million dollars, down from 185 million in the previous comparable half-year.

    Global engine maintenance delays and a shortage of aircraft has put up to six Airbus neo aircraft, and up to four Boeing 787s out of service.

    That's 16-percent of its jet fleet.

    It says current assumptions and discussions with engine-makers - suggest the shortage won't ease until early 2026.

    © 2024 Newstalk ZB, NZCity

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