Air New Zealand (NZE:AIR, ASX:AIZ) said it is implementing a strategy reset focused on three priorities, including customer first, targeted growth, and resilience, according to a Monday New Zealand and Australian bourse filing.

The company said it is already seeing positive outcomes under its customer-first priority, including on-time performance improvement in fiscal 2026 year-to-date, while its targeted growth strategy has seen new Christchurch routes announced to Japan, Singapore, and Perth.

Under its resilience priority, Air New Zealand said it is delivering on its cost-out program with about NZ$100 million of annualized benefits forecast to flow from fiscal 2027, while working with aircraft manufacturers to reprofile aircraft deliveries to smooth capital expenditure, it added.

The company's fiscal 2026 loss before taxation guidance is unchanged at NZ$340 million to NZ$390 million.

In a separate filing, the company disclosed the appointment of Kris Cudmore as chief financial officer, effective Aug. 3, succeeding Richard Thomson. Cudmore is currently the infrastructure, planning, and commercial lead at Air New Zealand.