Engine issues, US competition weigh on Air New Zealand profits

Maintenance issues related to the Pratt & Whitney GTF and Rolls-Royce Trent 1000 engines have weighed on Air New Zealand’s annual profits, it reported on August 29, 2024. Its annual profit after tax was NZ$146 million ($91.6 million), down from NZ$412 million ($258.4 million) a year prior. The company said: “Accelerated maintenance requirements for Pratt & Whitney PW1100 engines worldwide have meant that up to six of the airline’s newest and most efficient Airbus neo aircraft have been out of service at times. Ongoing additional maintenance requirements on the Trent 1000 engines that power the existing Boeing 787 Dreamliner fleet