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Air New Zealand Forecasts Up To $112M FY2025 Earnings

ByAdmin

Air New Zealand has projected its earnings before taxation for fiscal year 2025 to fall within the range of $88 million to $112 million, a forecast that includes $20–24 million in expected compensation for aircraft that have been grounded. The airline disclosed that 11 aircraft remain grounded, primarily due to global supply chain challenges and delays in maintenance cycles.

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Qantas Reaches $76.2 Million Settlement with Transport Workers Union

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Qantas Airways, Australia’s flagship carrier, has reached a settlement with the Transport Workers Union (TWU) to provide $76.2 million in compensation to former ground workers who were dismissed in 2020. The agreement concludes a long-running legal dispute over the controversial outsourcing of ground handling jobs.