Brief: Air New Zealand Limited Says Middle East Conflict Increased Fuel Cost By Estimated NZ$328 Million
BRIEF-Air New Zealand Limited Says Middle East Conflict Increased Fuel Cost By Estimated NZ$328 Million Aug 28 (Reuters) - Air New Zealand Ltd AIR.NZ:
AIR NEW ZEALAND ANNOUNCES 2026 ANNUAL RESULTS
AIRLINE IS NOT IN A POSITION TO PROVIDE EARNINGS GUIDANCE FOR THE 2027 FINANCIAL YEAR AT THIS TIME.
REMAINS AN ESTIMATED FINANCIAL IMPACT OF BETWEEN NZ$70 MILLION TO NZ$90 MILLION IN 2027
EXPECT AIRCRAFT MAINTENANCE COSTS TO BE NZ$50 MILLION TO NZ$100 MILLION LOWER THAN IN 2026
MIDDLE EAST CONFLICT INCREASED FUEL COST BY AN ESTIMATED NZ$328 MILLION
EXPECTS 2027 FY TO BE BOTH TRANSITION AND RECOVERY YEAR, WITH OPERATIONAL PERFORMANCE CONTINUING TO IMPROVE
AIRPORT CHARGES EXPECTED TO INCREASE BY UPWARDS OF 10 PERCENT AT SOME PORTS DURING THE 2027 FINANCIAL YEAR
EXPECT RANGE OF INITIATIVES WILL CONTRIBUTE TO OFFSETTING LARGER PORTION OF ELEVATED COST OF FUEL IN FY27 COMPARED TO PRIOR YEAR
DECISIVE ACTION TO SIMPLIFY PARTS OF ORGANISATION AND EVOLVE OPERATING MODEL, INCLUDING RESTRUCTURING ACROSS NUMBER OF AREAS
Further company coverage: AIR.NZ
((Reuters.Briefs@thomsonreuters.com;))
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