Air New Zealand seeks to delay Boeing 787 deliveries, cut costs in strategic reset

Air New Zealand has 10 787s on order and it ​is looking to trim spending at a time when elevated fuel costs due to the Middle East conflict have piled onto existing pressures, leading the company to forecast its largest pre-tax annual loss in four years in May, and impose two rounds of fare increases.

The company on Tuesday noted significant ​operational and financial pressures in the past few years, including aircraft and engine availability constraints, rising aviation system costs and ​a weak New Zealand economy.

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