Air NZ to return to profit in FY28 as engine issues 'practically done', Morningstar says
31/08/2026 19:36
BUZZ-Air NZ to return to profit in FY28 as engine issues 'practically done', Morningstar says ** Morningstar expects Air New Zealand AIR.NZ to report another loss next year, but sees a return to profitability in FY28
** Investment research firm says engine maintenance issues are practically over and aircraft availability is set to improve next year
** New Zealand's flag carrier on Friday reported biggest annual loss since 2023, although smaller than expected, hurt by high fuel costs and maintenance constraints
** Morningstar finds shares undervalued, leaves fair value estimate unchanged at NZ$0.75 per share
** Shares last closed up 1.3% at NZ$0.39; down 32.8% YTD
(Reporting by Nichiket Sunil in Bengaluru)
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