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26 Apr 2025 17:06
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  •   Home > News > Living & Travel

    Jet fuel bills play a big role in for Air New Zealand's turbulent profit outlook

    Jet fuel bills play a big role in for Air New Zealand's turbulent profit outlook


    Air New Zealand
    Air New Zealand
    The airline's on course for a pre-tax loss in the current six months, and faces a potential half-billion-dollar drop in profits next year.

    It reported a 585-million-dollar profit last year, but new Craigs Investment Partners data, forecasts a drop to 82-million.

    Portfolio manager, Mo Singh, says jet fuel is a massive cost.

    He says Air New Zealand's jet fuel bill last year was 1.5-billion-dollars, and any movement up or down and have a big impact in earnings.

    © 2025 Newstalk ZB, NZCity

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