airlines
Air New Zealand posts $200M loss amid fuel, engine challenges
Air New Zealand has slipped into the red for the first time since the pandemic, reporting a $200 million pre-tax loss for the fiscal year ending June 30. The carrier attributed the financial hit to fuel price spikes, rising operational fees, and extensive engine availability issues across its fleets. While engine-related groundings are resolving, executives remain cautious and have withheld financial guidance for the coming year. For aspiring airline pilots, the carrier's struggles highlight how ongoing supply chain and maintenance disruptions continue to restrict global flight operations and hiring.