An issue identified by New Zealand’s accident bureau as being linked to an Air New Zealand A320neo uncommanded engine shutdown could have wider implications.
Air New Zealand has downgraded its earnings guidance, predicting revenue and cost pressures will cause it to sink to a loss in the six months through Dec. 31.
Engine issues have proved to be “much deeper and more persistent” than their manufacturers expected, according to Air New Zealand Chief Executive Greg Foran.
Air New Zealand expects no significant improvement over the next 12 months in the engine availability problems that have grounded up to 20% of its jet fleet.
Air New Zealand is the second non-Australian carrier to confirm plans to serve Sydney’s second international airport, which is due to open later this year.
Air New Zealand has begun the rollout of the redesigned cabin product for its Boeing 787-9 fleet; the first aircraft is due to reenter commercial service in May
Air New Zealand continues to be severely affected by aircraft groundings due to engine availability issues, which are hurting the airline’s profitability.
The Association of Asia Pacific Airlines is optimistic that the voice of the industry group will be louder following the recent inclusion of new members.
Air New Zealand will acquire 30 million liters of sustainable aviation fuel (SAF) from Neste, or 1.6% of the airline’s total fuel supply for fiscal 2025.
