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Edge1 May 2026
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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 summary3 May, 2026
Traffic and operational performance
Group capacity rose 4.1% year-on-year in March, with long-haul ASKs up 2.5% and domestic capacity up 3.4% due to additional A321 aircraft.
Short-haul international capacity increased 7.6% with two new A321 aircraft.
March passenger load factor improved to 85.8%, up 3.3 pts from last year.
Group YTD underlying RASK improved 2.7% versus prior year; long-haul YTD RASK up 3.7%.
Total passengers carried in March increased 4.3% year-on-year to 1.62 million.
Financial and credit updates
Moody's affirmed the Baa1 issuer and senior unsecured debt rating, but downgraded the outlook to negative.
Year-to-date group RASK (reported, incl. FX) rose 4.0% versus 2025; long-haul RASK up 7.5%.
Short-haul YTD RASK (excl. FX) was 0.8% lower than last year, while domestic RASK rose 0.5%.
Leadership and organizational changes
Chief Financial Officer Richard Thomson resigned, effective 28 August 2026, after significant contributions to recapitalization and post-Covid recovery.
Search for a new CFO has commenced.
Boeing 787 AOG impact on long-haul capacity
Economic impact of Air China Alliance renewal
CFO role in addressing fleet challenges
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Latest events from Air New Zealand
- Net loss of NZD 40 million driven by fleet constraints, rising costs, and slower domestic demand recovery.AIR
H1 202612 Apr 2026 - Premiumisation, digitalisation, and loyalty drive growth, efficiency, and profitability ambitions.AIRInvestor Day3 Feb 2026
- Revenue up 7%, profit down 65%; FY25 outlook constrained by costs and aircraft limits.AIRH2 202423 Jan 2026
- $222m earnings, rising passenger numbers, and board re-elections amid ongoing industry challenges.AIRAGM 202420 Jan 2026
- Earnings and liquidity remained strong despite major fleet disruptions and cost pressures.AIRH1 20255 Jan 2026
- Resilient results, transformation, and leadership change amid engine and sector challenges.AIRAGM 202517 Dec 2025
- Earnings fell on engine issues and inflation, but transformation and liquidity support resilience.AIRH2 202523 Nov 2025
Next Air New Zealand earnings date
H2 202626 Aug, 2026
Air New Zealand
Next Air New Zealand earnings date
H2 202626 Aug, 2026
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