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Air New Zealand posts NZ$242 million loss as fuel costs and engine groundings weigh

Air New Zealand reported a NZ$336 million pre-tax loss and NZ$242 million after-tax loss for the year ended June, its first loss since 2022. The carrier cited higher fuel and aviation-system costs, engine-related disruption and a peak maintenance year, while saying reliability is improving as aircraft return to service.

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Reuters

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Virgin Australia posts 13.4% FY26 underlying EBIT growth, guides stable H1FY27 profit

Virgin Australia reported AUD753 million ($541.8 million) in underlying EBIT for the year ended June 30, 2026, up 13.4% year on year, while underlying NPAT rose 21.9% to AUD404 million. The airline expects H1FY27 underlying EBIT to remain broadly in line with the prior-year period amid strong demand and bookings.

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Electra, Helsinki and Haaga-Helia to study hybrid-electric ultra-short routes across the Gulf of Finland

Electra has signed an MOU with the City of Helsinki and Haaga-Helia University of Applied Sciences to assess how its hybrid-electric Direct Aviation concept could support faster, quieter and more efficient regional connectivity across the Gulf of Finland, alongside infrastructure intended to have U.S. applicability.

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Whisper Aero Flies Electric Glider on Its Quiet Fans

Whisper Aero has flown an electric glider powered by its quiet-fan technology, putting the company’s propulsion concept into flight testing. The demonstration offers a concrete milestone for low-noise electric aircraft development, although the available report provides no performance, certification or commercialization details.

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