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Air NZ HY profit slumps, announces review of fares and capacity

Airline saw higher passenger revenue but also higher costs in the six months to the end of December.

An Air New Zealand widebody jet taxis on the tarmac.

Will Mace Thu, 22 Feb 2024
Key points
  • Revenue: $3.1 billion, up from $2.5b in the first half of FY23
  • Profit: $129 million, down from $213m.
  • Key takeaway: Air New Zealand is reviewing its fares and capacity to “better reflect ongoing cost pressure”.

Air New Zealand is reviewing its fares and capacity to “better reflect ongoing cost pressure” after this morning reporting a drop in earnings and profit for the first half of its 2024 financial year.

The airline disclosed revenue of nearly $3.1 billion, up from $2.5b in the first half of FY23,

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Key points
  • Revenue: $3.1 billion, up from $2.5b in the first half of FY23
  • Profit: $129 million, down from $213m.
  • Key takeaway: Air New Zealand is reviewing its fares and capacity to “better reflect ongoing cost pressure”.
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Air NZ HY profit slumps, announces review of fares and capacity
Investment,
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