ANZLY - Air New Zealand Limited (ANZFF) H1 2025 Earnings Call Transcript

2025-02-19 23:50:04 ET

Air New Zealand Limited (ANZFF)

H1 2025 Earnings Conference Call

February 19, 2025 16:00 ET

Company Participants

Kim Cootes - Head of Investor Relations

Greg Foran - Chief Executive Officer

Richard Thomson - Chief Financial Officer

Conference Call Participants

Andy Bowley - Forsyth Barr

Marcus Curley - UBS

Nick Mar - Macquarie

Presentation

Operator

Welcome to the Air New Zealand 2025 Interim Results Call. During the presentation, your lines will be placed on listen-only until the question-and-answer session. Please refrain from asking questions until that time.

And with that, I will turn the call over to Air New Zealand's Head of Investor Relations, Kim Cootes.

Kim Cootes

Thank you and good morning everyone. Today's call is being recorded and will be accessible for future playback on our Investor Center website which you can find at www.airnewzealand.co.nz/investorcentre. Also on the website, you can find our interim results presentation, the interim financial report and media release, as well as other relevant disclosures. Speaking on the call today will be Chief Executive Officer, Greg Foran; and Chief Financial Officer, Richard Thomson. Leila Peters, our GM of Corporate Finance, will also join us for the Q&A session.

I would like to take a moment to remind you that our comments today will include certain forward-looking statements regarding our future expectations which may differ from actual results. We ask you read through the disclaimer and, in particular, the forward-looking cautionary statement provided on Slide 2 of the presentation.

With that, I'll pass the call over to Greg.

Greg Foran

Thank you, Kim. Kia ora, and good morning, everyone and thanks for joining us on today's call. The first half of the 2025 financial year has been a period marked by some notable successes but also a heck of a lot of challenges. And like I mentioned on the annual results call last year, those things are often happening simultaneously.

Let's start with some of the wins. Late last year, we were once again voted the world's best airline by Condé Nast. Now this isn't a survey run by us. They polled 30,000 customers independently. Receiving this kind of recognition is no small feat, especially when you consider the disruptions we've been managing, primarily around elevated levels of grounded aircraft from extended engine maintenance requirements on the engines that power our NEO and 787 Dreamliner fleets. I believe it's a testament to the outstanding work of our 11,600 strong Air New Zealand Faro, who've been working tirelessly to put proactive mitigations in place and limit disruptions for our customers. I'll talk more about that shortly....

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