Air New Zealand Posts Strong Profit Growth

A photo taken on August 9, 2021 shows an Air New Zealand plane taking off from Auckland Airport with the national carrier managing to cut its losses by a third in the last financial year as strong domestic and cargo demand partially offset the impact of the global pandemic, the airline said August 26, 2021. (Photo by William WEST / AFP) (Photo by WILLIAM WEST/AFP via Getty Images)

Global aviation’s robust health post-Covid continues to improve, with Air New Zealand the latest international carrier to show strong profits.

Air New Zealand Chair Dame Therese Walsh said the result highlights the airline’s resilience and adaptability, amid a continuation of significant operational and economic headwinds that have persisted since the second half of the 2024 financial year.

“This is a strong result when you consider the headwinds we have been navigating for almost a year now. It reflects the hard mahi and dedication of our 11,600-strong Air New Zealand whānau and the effectiveness of the actions we have taken, and continue to take, to mitigate these challenges and position the airline for future success.”

“Air New Zealand’s strong balance sheet, liquidity and financial discipline provides us with the flexibility to successfully manage the short-term challenges we face, while also continuing to invest in our future and return capital to our shareholders.”