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Air New Zealand sees lower profits for very first half of 2025 as engine problems continue

New Zealand's flagship provider Air New Zealand said on Monday it expects lower profits for the very first half of the 2025 fiscal year, as global engine maintenance delays caused airplane accessibility issues.

The carrier anticipates its profits before tax in the range of NZ$ 120 million ($ 70.15 million) to NZ$ 160 million, as compared with NZ$ 185 million it had actually reported in the prior matching duration.

The Auckland-based company stated in 2015's engine upkeep problems had actually dented its 2025 financial year prospects also.

Previously this year, the provider had flagged that upkeep requirements for its Pratt & & Whitney engines caused six of its Jet neo airplane being inoperable sometimes.

On Monday, the business repeated the ongoing problem. It stated engine maintenance delays had actually caused its six Plane neo airplane and approximately 4 Boeing 787 airplane - 16% of the carrier's whole jet fleet - to be out of service throughout the first half of this financial year.

Air New Zealand said the concern is expected to continue until early 2026.

(source: Reuters)