Asia/Pacific

Engine issues, US competition weigh on Air New Zealand profits

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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 ...

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