Air New Zealand Ltd

AIZ: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Air New Zealand Earnings: Operating Deleverage Sends Earnings Negative

Angus Hewitt

Mar 2, 2026

Air New Zealand reported an interim pretax loss of NZD 59 million, slightly worse than guidance and a sharp downturn from NZD 144 million in first-half profit last year. The airline now expects the second half to be similar or worse.

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Air New Zealand Ltd

Air New Zealand Earnings: Operating Deleverage Sends Earnings Negative

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