The airline's announced a first-half loss before taxation of 59-million-dollars, compared to earnings before taxation of 144-million in the previous year.
It's reporting a net loss after taxation of 40-million-dollars.
The national carrier is putting the result down to the impact of ongoing fleet constraints, a slower recovery in domestic demand, and persistently high aviation system inflation.
The result is slightly outside the guidance range of a loss of 30 to 55 million dollars, provided to the market in October 2025.
