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MarketScreener Homepage  >  Equities  >  NEW ZEALAND STOCK EXCHANGE  >  Air New Zealand Limited    AIR   NZAIRE0001S2

AIR NEW ZEALAND LIMITED

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Air New Zealand : fares to Seoul available now

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04/15/2019 | 06:13pm EDT

From 23 November 2019 Air New Zealand will operate three services per week to Seoul's Incheon International Airport, increasing to five times a week during the peak holiday period from late December - mid-February.

The new route will be flown by the airline's Boeing 787-9 Dreamliner fleet with a flight time of around 12 hours northbound and just over 11 hours southbound.

Air New Zealand Chief Revenue Officer Cam Wallace says there's been a great response to the announcement that Seoul is now Air New Zealand's 32nd international destination.

'It's clear the new route is also going to be an important link for connecting the 40,000 Koreans living in New Zealand with friends and family back home as well as a convenient option for Korean visitors wanting to come and explore New Zealand.'

For now tickets are available for purchase via Air New Zealand's local website and via travel agents in both New Zealand and South Korea. A Korean online storefront will be available soon.

Air New Zealand's proposed schedule between Auckland and Seoul from 23 November 2019 is as follows:

Disclaimer

Air New Zealand Limited published this content on 16 April 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 15 April 2019 22:12:02 UTC

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Financials (NZD)
Sales 2019 5 766 M
EBIT 2019 365 M
Net income 2019 256 M
Debt 2019 1 600 M
Yield 2019 8,18%
P/E ratio 2019 11,8x
P/E ratio 2020 9,73x
EV / Sales2019 0,80x
EV / Sales2020 0,74x
Capitalization 3 021 M
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Mean consensus HOLD
Number of Analysts 7
Average target price 2,59  NZD
Last Close Price 2,69  NZD
Spread / Highest target 7,81%
Spread / Average Target -3,63%
Spread / Lowest Target -10,8%
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Managers
NameTitle
Christopher M. Luxon Chief Executive Officer
Antony John Carter Chairman
Jeff McDowall Chief Financial Officer
Janice Amelia Dawson Deputy Chairman
Robert Jan Jager Independent Non-Executive Director
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