Brief: Air New Zealand Now Expects FY26 Loss Before Taxation NZ$340 Mln - NZ$390 Mln

Air New Zealand

13/05/2026 22:01

May 14 (Reuters) - Air New Zealand Ltd AIR.NZ:

AIR NEW ZEALAND MARKET UPDATE

ESTIMATED FUEL CONSUMPTION FOR MAY AND JUNE IS APPROXIMATELY 1.4 MILLION BARRELS

NOW EXPECTS ITS 2H26 FUEL COST TO BE APPROXIMATELY NZ $980 MILLION

AIR NEW ZEALAND NOW EXPECTS AN FY26 LOSS BEFORE TAXATION IN RANGE OF NZ$340 MILLION TO NZ$390 MILLION

TOTAL 2H26 ESTIMATED FUEL CONSUMPTION APPROXIMATELY 4.1 MILLION BARRELS

IN FINAL STAGES OF ESTABLISHING A US$400 MILLION SECURED REVOLVING CREDIT FACILITY

RECOVERING FULL IMPACT OF HIGHER FUEL COSTS OVER A SHORT PERIOD WOULD RISK FURTHER DEMAND SOFTNESS

EXPECTS AN FY26 LOSS BEFORE TAXATION IN RANGE OF NZ$340 MILLION TO NZ$390 MILLION

AIR NEW ZEALAND HAS IDENTIFIED UP TO NZ$100 MILLION OF ANNUALISED COST SAVINGS TO DATE, WHICH WILL FLOW THROUGH INTO FY27 AND BEYOND

ALSO REVIEWING UPCOMING CAPITAL EXPENDITURE PLANS

ALL EXISTING BOEING 787 AIRCRAFT NOW EXPECTED TO RETURN TO SERVICE BY LATE JUNE, ALL AIRBUS AIRCRAFT BY 2027

Further company coverage: AIR.NZ

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