Air New Zealand posts NZD 126 million net profit for FY ended June 2025

Air New Zealand announced its financial results for the fiscal year ended June 2025. Net profit was NZD 126 million.

Despite headwinds including the grounding of six narrowbody and five widebody aircraft due to engine maintenance, significant cost inflation, and a soft domestic market in New Zealand, the airline remained in the black, supported by sustained premium demand. It received NZD 129 million in compensation from the engine manufacturer, but estimates that, had operations not been curtailed, revenue would have been about NZD 165 million higher.

Passenger revenue was NZD 5.9 billion. Fuel costs rose by about 12%, and non-fuel operating costs rose by about 6%. Profit before tax was NZD 189 million, down year-on-year, aligning with the upper end of the forecast range announced in April. The dividend was NZD 1.25 per share. The company also executed a share buyback worth approximately NZD 38 million.

Although similarly challenging conditions are expected to continue in the fiscal year ending June 2026, the carrier indicated it expects conditions to ease later this year. It plans to take delivery of two Boeing 787-9 aircraft powered by General Electric engines.

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