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As the Christmas rush to the airport begins in earnest, how has our national carrier risen to its myriad challenges this year?
Air New Zealand's net profit for the financial year to June dropped 65 percent to $146 million - compared to $412 million the year before.
There's been weaker demand for flights, leading to reduced schedules on some routes and criticism of where that leaves service to the regions.
As post-Covid travel ramps back up, so too have the number of options people have to fly overseas - particularly to and from the lucrative North American market.
Then there's the ongoing saga of maintenance and replacement of engines on various aircraft.
So what's facing Air New Zealand in 2025? Its CEO Greg Foran joins Kathryn.