AIR NEW ZEALAND WARNS ENGINE WOES, SOFT DEMAND COULD WEIGH ON FY26 PROFIT
https://media.zenfs.com/en/reuters-finance.com/cbf53ba4501306b1b369129799180b43
✍️ Air New Zealand reported a smaller-than-expected drop in full-year profit, but warned of ongoing engine maintenance issues and sluggish domestic demand affecting earnings.
👉 Air New Zealand posted a profit of NZ$189 million for the year ended June 30 👉 Profit was below last year's NZ$222 million, marking its weakest earnings in 13 years 👉 Engine maintenance issues and sluggish domestic demand will continue to affect earnings 👉 CEO Greg Foran will step down in October and be replaced by Nikhil Ravishankar
-- #RajasikMukherjee #SherinSunny #GregForan #NikhilRavishankar #TimWaterer #Bengaluru #business
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