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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Air New Zealand
Air New Zealand (AIR) investor relations material
Air New Zealand Trading update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Trading update summary20 Oct, 2026
Network-wide performance
Passengers carried 4,162, down 1.0% on a daily weighted basis YoY; capacity (ASKs) decreased 2.1% and load factor rose 1.8 pts to 84.8%.
Group RASK increased 14.3%; YTD underlying RASK, excluding FX, improved 12.7%, supported by capacity management and higher average fares amid significantly higher fuel prices.
Revenue passenger kilometres rose 0.0% on a daily weighted basis YoY.
Comparisons are daily weighted to account for FY27 Q1’s 96 days versus 90 days in FY26 Q1.
Network performance
Domestic passengers decreased 2.7% and ASKs fell 2.5%; load factor increased 1.5 pts to 84.4%.
Short-haul passengers and ASKs each rose 3.7% and 4.2%, respectively; load factor was 85.5%.
Short-haul growth reflected increased widebody flying, including 11.6% more normalised Boeing 777 and 787 capacity, and new Christchurch–Rarotonga and Queenstown–Brisbane services.
Long-haul passengers decreased 2.3% and ASKs fell 5.4%; load factor improved 2.8 pts to 84.5%.
Long-haul capacity reductions reflected fewer Los Angeles departures, down 17% to 204, and a shift to smaller, more fuel-efficient Boeing 787-9 aircraft.
Customer performance
On-time performance improved 7.2 pts YoY to 85.2%; September performance was 87.3%, ranking third among Asia-Pacific airlines in Cirium’s rankings.
Controllable cancellations halved YoY to 1.0% of scheduled services; customer satisfaction rose 0.8 pts to 84.9.
Satisfaction gains reflected service and product improvements, including kiosk rollout, disruption handling, food, crew and in-flight entertainment.
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Latest events from Air New Zealand
- Significant FY 2026 loss prompts cost-saving focus, new board appointments, and strategic reset.AIR
AGM 2026 - Net loss of $242M in 2026 as fuel, engine, and system costs outpaced revenue growth.AIRH2 2026
- Strategy reset targets profitability, growth, and $100m in annualized cost savings from FY27.AIRInvestor update
- April saw higher capacity, improved RASK, and strong load factors across key markets.AIRTrading update
- Net loss of $40 million in 1H 2026 amid cost pressures and operational constraints.AIRH1 2026
- Resilient results with NZD 189m earnings, CEO transition, and ongoing transformation amid engine issues.AIRAGM 2025
- Premiumization, digitalization, and loyalty expansion drive growth and operational resilience.AIRInvestor Day
- Profit fell sharply on inflation and aircraft issues, but liquidity and digital progress are strong.AIRH2 2024
- Profit held up despite grounded jets and $100M buyback; H2 faces ongoing fleet constraints.AIRH1 2025
Next Air New Zealand earnings date
Investor update30 Nov, 2026
Air New Zealand
Next Air New Zealand earnings date
Investor update30 Nov, 2026
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Frequently asked questions
Air New Zealand Limited is the national airline of New Zealand, providing passenger and cargo air transport services both domestically and internationally. The airline operates flights across Oceania, Asia, the Americas, and Europe, with a focus on routes connecting New Zealand to major global destinations. In addition to passenger services, Air New Zealand offers cargo transportation, loyalty programs, and travel-related services to enhance the travel experience. The company emphasizes a commitment to customer service, sustainability, and New Zealand tourism. Air New Zealand Limited is headquartered in Auckland, New Zealand, and its shares are listed on the New Zealand Stock Exchange.