Air New Zealand reported a NZ$336 million pre-tax loss for the year ended June 2026, reversing the previous year’s NZ$164 million profit, despite revenue increasing 3.9% to NZ$7 billion. The result was driven by approximately NZ$465 million in additional engine, fuel and maintenance costs. Management expects FY2027 to be a transition and recovery year as fleet reliability improves and maintenance expenses decline, although elevated fuel prices and rising airport and navigation charges remain significant pressures.

Virgin Australia increased underlying EBIT by 13.4% to A$753 million for the year ended June 2026, supported by stronger passenger yields, effective fuel hedging and improved fuel efficiency. Revenue rose 8.1% to A$6.28 billion, while underlying net profit increased 22% to A$404 million. Demand and forward bookings remain strong, although the airline plans to reduce domestic capacity by 3% during the first half of FY2027 amid rising labour, airport and depreciation costs.

Kenya Airways’ operating loss increased 71% to KSh10.6 billion in the first half of 2026 as fuel costs rose by a third and seat capacity declined 9%. Revenue nevertheless grew 9% and load factor improved by four percentage points, reflecting resilient demand and stronger aircraft utilisation. The airline continues implementing its Project Kifaru recovery plan, focusing on cost control, fleet restoration, cash preservation and securing new capital and a strategic investor.