Air New Zealand posted a pretax loss of NZ$336 million and a net loss of NZ$242 million for the year ended 30 June, as surging fuel costs linked to Middle East conflict, engine availability problems and higher maintenance and aviation system expenses weighed on performance. The airline’s FY2026 result showed the New Zealand carrier remained under pressure despite improving operating conditions, with its fuel bill lifted by an estimated NZ$205 million after hedging and engine issues costing about NZ$190 million.
The carrier declined to provide earnings guidance for FY2027 because fuel prices remain volatile. The absence of forward guidance underscores the difficulty of forecasting profitability while external cost shocks continue to offset operational progress. Higher maintenance and aviation system costs added to the strain across the year, leaving the airline in a weaker financial position heading into the new financial period.