Air New Zealand rises on smaller-than-expected annual loss
28/08/2026 01:34
BUZZ-Air New Zealand rises on smaller-than-expected annual loss ** Shares of Air New Zealand AIR.NZ rise as much as 3.9% to NZ$0.40, set for their strongest intraday trading session since August 3, if current gains hold
** Co posts narrower-than-expected FY loss before taxation of NZ$336 mln ($200.09 mln)
** CEO says multi-year engine disruption from Pratt & Whitney engine recall since 2023 "easing"
** Says airline enters 2027 in a considerably more reliable fleet position
** Co says it's not yet in a position to provide fiscal 2027 earnings guidance, citing high jet fuel prices
** Stock down 32.8% YTD, including the session's moves
($1 = 1.6793 New Zealand dollars)
(Reporting by Shivangi Lahiri in Bengaluru)
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