News
Air NZ announces "strategy reset", earnings guidance unchanged
June 30th 2026
Air New Zealand (Air NZ) is charting a path back to profitability through targeted growth, a reduced cost base and a customer first approach with a focus on reliability and punctuality. Read More » The strategy reset announced today follows a full strategic review of the business by Air NZ CEO, Nikhil Ravishankar, which commenced shortly after he took over from Greg Foran last October. "Our Future Strategy reset is the result of an extensive internal piece of work and focuses on returning Air New Zealand to profitability and generating strong returns for shareholders over time, with implementation well under way," Air NZ said in a regulatory filing. "These priorities are centered on taking cost out of the business, ensuring the invested capital profile is appropriate for the growth outlook and targeted [total revenue per available seat kilometre] growth." Air NZ said it was on track to reduce labour and overhead costs by NZ$100 million (US$57 million) a year. It was also "rephrasing aircraft deliveries to help smooth investment" as grounded aircraft were being returned to service earlier than expected. The company’s earnings guidance for an underlying loss before taxation of between NZ$340 million and NZ$390 million for the 12 months to June 30, 2026 was unchanged.
