The airline said it aimed to deliver “top-tier reliability and punctuality with a relentless focus on priority segments”.
It said its on-time performance improvement was improving.
Air NZ said a targeted growth plan would build its presence in larger, resilient markets to generate returns and support New Zealand tourism.
“We are fine-tuning our premium service flow and product offering, and allocating more resources to our highest return-on-capital areas.”
The airline also said it was working with aircraft manufacturers to “reprofile” aircraft deliveries to smooth capital expenditure.
It still expected to lose $340m-$390m this financial year, which ends today.
“Air New Zealand is moving from post-Covid and engine-disruption recovery into a new phase,” it added.
The airline also outlined what it called “must wins” in the investor presentation.
Those included safe, reliable, punctual operations and a uniquely Kiwi service.
It indicated it would focus on business travellers and inbound premium tourists.
Ravishankar earlier this month told the Herald progress had been made after years of crippling engine issues.
The airline today said grounded aircraft were returning to service earlier than expected.
It said no 787s were grounded, whereas up to five had previously been unavailable.
However, two members of its A320/1neo narrowbody fleet were grounded, down from a peak of six.
“Management is re-profiling aircraft deliveries, in discussion with manufacturers.”
Capital expenditure on new aircraft was expected to peak in the next financial year.
That included contracted 787 and A321neo deliveries.
It said delivery dates were subject to agreement with manufacturers and it was negotiating an updated 787 delivery profile.
The company did not go into detail about layoffs.
However, it said it expected about $100m of annualised savings from FY27, with “labour and overhead” identified as near-term cost drivers.
Labour and fuel are typically the biggest costs, and the airline said it had embarked on a fuel efficiency programme.
Air NZ said it aimed to become “the world’s most respected airline”.
Ravishankar and chief financial officer Richard Thomson will host a conference call for investors and analysts at 1pm today.
Air New Zealand has made numerous domestic and regional schedule changes in response to financial pressures this year.
Data released to the Herald under the Official Information Act outlined cuts for periods including June 29 to July 26.
For Auckland, across both regional and trunk routes, the schedule was reduced by 234 return flights.
In the short-haul international segment, 49 return flights were cut, with a further 20 downgauges and two upgauges.
An upgauge involved using a bigger aircraft, and a downgauge meant a smaller aircraft was deployed.
Twelve long-haul international flights would be cut across these four weeks.
The office of Associate Minister of Transport James Meager released the data.
For Wellington, across regional and trunk routes, 164 return flights were cut, and nine short-haul international flights were cut.
For Christchurch, 138 return flights were cut from the domestic schedule.
There were no cuts in this period to Air New Zealand’s international services to and from Christchurch.
John Weekes is a business journalist covering aviation. He previously covered consumer affairs, crime, politics and courts.
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