Air New Zealand earnings down amid soft domestic market, engine dramas linger
Air New Zealand has made a $126 million net profit after tax, down from $146m the year before.
The airline said its 2025 financial year results reflected a sluggish domestic market, global engine maintenance challenges and significant cost inflation.
Earnings before tax were $189m, compared with $222m the year before.
“Passenger revenue declined by 2% to $5.9 billion, driven by a 4% reduction in overall network capacity from engine availability constraints.”
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'Tragic and unforeseen':Couples fatal plunge likely caused by medical event - coroner
An Auckland couple had been together for a matter of weeks when their car left the road and they plunged to their deaths into Lake Rotomā, near Rotorua.
A coroner has found the driver suffered a medical event, causing the “tragic and unforeseen accident” on July 11, 2020.
Bibi Ali, 53, of Henderson, and David Alexander Fawcett Jarden, 54, of Totara Heights, died when Jarden failed to navigate a bend when driving along State Highway 30.
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