Air New Zealand's assuring it's on track for economic stability.

The national airline's announced a first-half before-tax loss of $59 million.

CEO Nikhil Ravishankar says the result's driven by challenges from aircraft being grounded, a softer recovery than expected - and rising costs. 

But he says they'll be well on the road to recovery over the next two to three years. 

"One of the key reasons I say that so confidently is for the first time in six years, we've got new aircraft coming back into the fleet and we're solving engine issues." 

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Air New Zealand's assuring it's on track for economic stability.
The national airline's announced a first-half before-tax loss of $59 million.
CEO Nikhil Ravishankar says the result's driven by challenges from aircraft being grounded, a softer recovery than expected - and rising costs.&nbsp;
But he says they'll be well on the road to recovery over the next two to three years.&nbsp;
"One of the key reasons I say that so confidently is for the first time in six years, we've got new aircraft coming back into the fleet and we're solving engine issues."&nbsp;
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Nikhil Ravishankar: Air New Zealand CEO says airline on the road to recovery following first half financial loss

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/663df75b-6f9c-4c69-94a6-b3fd004b3f31/transcript