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Air New Zealand predicts gaps in fleet will persist into 2026
November 26th 2024
Air New Zealand (Air NZ) said up to 10 of its aircraft have been out of action since July 1 because of global engine maintenance delays. Read More » They are six A320neo family aircraft and four 787-9s. “This represents above 16% of Air New Zealand’s entire jet fleet,” the company said at its investor day presentations. “Based on current assumptions and recent discussions with engine manufacturers, the airline does not expect these availability issues to ease until early 2026. The airline continues to explore all options to improve capacity including more aircraft leases.” In more positive news, the Star Alliance member reported early signs of a recovery in corporate travel. The flag carrier anticipates earnings before taxation of NZ$120 million-NZ$160 million (US$70 million to US$94 million) in the six months to December 31. The guidance is a reduction of at least 13.5% from the airline’s earnings before taxation of NZ$185 million in first-half 2023.
