Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. New Zealand
  4. New Zealand Stock Exchange
  5. Air New Zealand Limited
  6. News
  7. Summary
    AIR   NZAIRE0001S2

AIR NEW ZEALAND LIMITED

(AIR)
  Report
End-of-day quote New Zealand Stock Exchange  -  2023-01-30
0.7750 NZD   -1.27%
01/30Air New Zealand : customer recovery well underway
PU
01/30Air New Zealand : provides update on flight schedule today
PU
01/30Air New Zealand : introduces measures to ease the pain and create certainty for disrupted passengers
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Air New Zealand raises first half profit outlook on travel demand

12/07/2022 | 04:20pm EST
FILE PHOTO: An Air New Zealand Boeing 777 plane taxis after landing at Kingsford Smith International Airport in Sydney

(Reuters) - Air New Zealand Ltd on Thursday increased its earnings forecast for the first half of fiscal 2023, helped by strong travel demand across its domestic and international networks and a decline in jet fuel prices.

The increased profit outlook follows a moderation in fuel prices in recent weeks and assumes that the airline will fly about 75% of its pre-COVID capacity levels across the network in December, according to Air New Zealand.

The company now expects earnings before tax and other significant items between NZ$295 million ($187.5 million) and NZ$325 million for the first half ending Dec. 31, compared with its previous outlook of NZ$200 million to NZ$275 million.

The airline's ticket sales for the past two months have remained robust as international destinations reopen for travel, the country's flagship carrier said.

Air New Zealand, however, added that capacity was still constrained and would continue to impact pricing.

The company, which has been posting losses since 2020, did not provide a full-year outlook, citing factors such as inflationary pressures.

($1 = 1.5731 New Zealand dollars)

(Reporting by Himanshi Akhand in Bengaluru; Editing by Shounak Dasgupta)


ę Reuters 2022
All news about AIR NEW ZEALAND LIMITED
01/30Air New Zealand : customer recovery well underway
PU
01/30Air New Zealand : provides update on flight schedule today
PU
01/30Air New Zealand : introduces measures to ease the pain and create certainty for disrupted ..
PU
01/28Air New Zealand : working through significant disruptions
PU
01/28Air New Zealand : provides update on significant flight disruptions
PU
01/28Air New Zealand : advice to customers following Auckland weather event
PU
01/25New Zealand's top PM contender wants to change central bank mandate, Ardern's policies
RE
2022Air New Zealand Limited Announces Operating Results for the Month and Year to Date Ende..
CI
2022Christchurch Airport - Powering towards sustainable aviation
AQ
2022United Airlines Unveils Historic Order to Purchase Up To 200 New Boeing Widebody Planes
AQ
More news
Analyst Recommendations on AIR NEW ZEALAND LIMITED
More recommendations
Financials
Sales 2023 5 878 M 3 811 M 3 811 M
Net income 2023 336 M 218 M 218 M
Net Debt 2023 1 031 M 669 M 669 M
P/E ratio 2023 8,03x
Yield 2023 0,43%
Capitalization 2 644 M 1 715 M 1 715 M
EV / Sales 2023 0,63x
EV / Sales 2024 0,59x
Nbr of Employees 8 863
Free-Float 47,6%
Chart AIR NEW ZEALAND LIMITED
Duration : Period :
Air New Zealand Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AIR NEW ZEALAND LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 6
Last Close Price 0,78 NZD
Average target price 0,82 NZD
Spread / Average Target 5,16%
EPS Revisions
Managers and Directors
Gregory S. Foran Chief Executive Officer
Richard Thomson Chief Financial Officer
Therese Maria Walsh Chairman
Alexandria Panot Marren Chief Operating Officer
Jonathan Parker Mason Independent Non-Executive Director
Sector and Competitors