Air New Zealand reports a near 18% drop in half-year profit

Reuters

2025/02/20

Feb 20 (Reuters) - Air New Zealand AIR.NZ reported a 17.8% drop in its half-yearly profit on Thursday as it continues to face aircraft availability issues caused by global maintenance delays.

New Zealand's flagship carrier reported a statutory profit before tax of NZ$106 million ($60.48 million) for the six months ended December 31, compared with NZ$129 million a year ago.

That, however, beat a Visible Alpha consensus of NZ$101.6 million.

($1 = 1.7525 New Zealand dollars)

(Reporting by Roshan Thomas and Nichiket Sunil in Bengaluru; Editing by Alan Barona)

((Nichiket.Sunil@thomsonreuters.com; Roshan.Thomas@thomsonreuters.com;))

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