Air New Zealand last week said costs from engine issues were a drag on near-term earnings. “Air New Zealand is a smaller airline than it was pre-Covid, but its cost base is bigger,” he added. Air New Zealand last week said cost inflation was outpacing the Consumers Price Index, with domestic aviation system costs a major culprit. Dreamliner, 777 refit projected costsAn Air New Zealand Boeing 777 at Victorville in the Mojave Desert during the Covid-19 pandemic. Air New Zealand shares are trading at 55c and are down 12% over the past year.

Source: New Zealand Herald March 03, 2026 15:04 UTC