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Morningstar

Air New Zealand Ltd AIR Stock Quote

Morningstar Rating
| Rating as of

XNZE: AIR

Last close prices updated as of May 29, 2023, 5:00 PM NZT | NZD
  • Last Close 0.78
  • Sector Industrials
  • Industry Airlines
  • Investment Style Mid Value
  • Day Range 0.77  –  0.78
  • Year Range 0.53  –  0.83
  • Market Cap 2.6274 Bil
  • Volume / Avg 676,733.0 /  1.3 Mil
  • Price / Sales 0.37
  • Price / Book 1.41
  • Forward Div Yield —
  • Trailing Div Yield 35.61%

Morningstar‘s Stock Analysis AIR

Valuation
Currency in —
Is it the right time to buy or sell?
Find out with Morningstar Investor
Is it the right time to buy or sell?
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1-Star Price

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5-Star Price

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Economic Moat

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Capital Allocation

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Air New Zealand: Cheap Fuel and Full Planes a Boon for Near-Term Profitability

Angus Hewitt Equity Analyst

Analyst Note

| Angus Hewitt |

We maintain our NZD 0.97 fair value estimate for shares in Air New Zealand following a trading update. Our fair value estimate for Australian-listed securities lifts 2% to AUD 0.90 based on the current AUD/NZD exchange rate of about 1.08. The airline upgraded guidance for fiscal 2023 underlying pretax profit to between NZD 510 million and NZD 560 million—a 9% increase from prior guidance at the midpoint. Strong demand is persisting, and jet fuel prices have moderated (albeit offset by weakness in the NZD), leading to exceptional near-term profitability for Air New Zealand. We lift our fiscal 2023 underlying pretax profit forecast by 5% to NZD 542 million, but make only minor tweaks to our longer-term forecasts.

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Key Statistics AIR

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Company Profile AIR

Business Description

Air New Zealand, majority owned by the New Zealand Government, provides air passenger and cargo transport services within New Zealand, as well as to and from Australia, the South-West Pacific, Asia, North America, the United Kingdom, and South America. Air New Zealand also encompasses business units providing engineering and ground handling services. Air New Zealand dominates the local market, with around 80% market share, although the majority of revenue is derived from international and trans-Tasman activity.

Contact
185 Fanshawe Street, Air New Zealand House
Auckland, NTL, 1010, NZL
Sector Industrials
Industry Airlines
Employees 10,233

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Related News AIR

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Competitors & Peers AIR

More on AIR’s Competitors & Peers

Morningstar analysts hand-select direct competitors or comparable companies to provide context on the strength and durability of AIR’s competitive advantage.

Air New Zealand Ltd

XNZE: AIR

Qantas Airways Ltd

XASX: QAN

China Southern Airlines Co Ltd Class A

XSHG: 600029

American Airlines Group Inc

XNAS: AAL
Price
0.786.426.3314.35
Currency
NZDAUDCNYUSD
Change
+$0.01 (0.65%) −$0.01 (0.16%) +$0.01 (0.16%) −$0.03 (0.21%)
Market Cap
2.63 Bil11.66 Bil114.71 Bil9.37 Bil
Industry
Airlines Airlines Airlines Airlines
Sector
Industrials
Industrials
Industrials
Industrials

* Trading data in this section is delayed by at least 15 minutes.

FAQs for Air New Zealand Ltd Stock

No. AIR does not currently have a forward dividend yield.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

AIR’s market cap is 2.63 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

AIR’s stock style is Mid Value.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

AIR’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare AIR’s historical performance against its industry peers and the overall market.