- Air New Zealand's persistent engine issues further bit into its bottomline, as it forecast lower earnings for the first half of financial year 2025, as global engine maintenance delays caused aircraft availability issues, the airline said on Monday.
Shares of the airline gained as much as 2.8% to NZ$0.550, hitting its highest level since Sept. 13, while the broader benchmark index traded up 0.3% as of 0002 GMT. On Monday, the company reiterated the ongoing issue. It said engine maintenance delays had caused its six Airbus neo aircraft and up to four Boeing 787 aircraft - 16% of the carrier's entire jet fleet - to be out of service across the first half of this financial year.
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