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Air New Zealand Limited (ASX:AIZ)

ALERT: Price-sensitive ASX Announcement for AIZ
Current share price for AIZ : $0.355 -0.13 (-26.80%)+
Announcement
Release
26 Feb 2026 7:30AM
Price at Release
$0.485
Full Release
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Summary
Air New Zealand's interim results for the 2026 financial year report a challenging operating environment, with the company recording a net loss after taxation of $40 million and a loss before taxation of $59 million. This outcome reflects ongoing fleet constraints, a slower recovery in domestic demand, rising costs, high aviation system inflation, and currency pressures. Despite these challenges, passenger volumes remained stable, with the airline experiencing robust outbound demand from New Zealand and elevated passenger revenue per available seat kilometres (RASK) due to premium cabin demand. The company also outlined a comprehensive fuel hedging strategy to manage costs in an unpredictable market, while it continues to navigate capacity constraints expected to improve slightly in the second half of the year.
Key Points
  • Air New Zealand recorded a net loss after taxation of $40 million for the first half of the 2026 financial year.
  • The company faced fleet constraints and a slower-than-expected recovery in domestic demand.
  • Costs were exacerbated by high aviation system inflation and a weaker New Zealand dollar.
  • Robust outbound demand from New Zealand and strong premium cabin demand were noted.
  • Passenger revenue per available seat kilometres (RASK) showed growth led by premium cabin demand.
  • The company employed a fuel hedging strategy to manage cost volatility.
  • Capacity constraints are expected to improve slightly in the second half of the year.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.