Air New Zealand (AIR) Stock Overview
Provides air passenger and cargo transportation on scheduled airlines services in New Zealand, Australia, the Pacific Islands, Asia, the United Kingdom, Europe, and the Americas. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 4/6 |
| Past Performance | 0/6 |
| Financial Health | 3/6 |
| Dividends | 0/6 |
Rewards
Risk Analysis
No risks detected for AIR from our risk checks.
AIR Community Fair Values
Create NarrativeSee what 60 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Top Community Narratives
NZ$0.53
FV
19.8% undervalued intrinsic discount230
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Air New Zealand Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | NZ$0.42 |
| 52 Week High | NZ$0.63 |
| 52 Week Low | NZ$0.40 |
| Beta | 0.55 |
| 1 Month Change | 1.19% |
| 3 Month Change | -3.41% |
| 1 Year Change | -27.97% |
| 3 Year Change | -45.86% |
| 5 Year Change | -72.22% |
| Change since IPO | -94.62% |
Recent News & Updates
Recent updates
New Narrative • Mar 08
Air New Zealand (NZX:AIR)
Company Overview Air New Zealand has struggled to regain stable profitability since the COVID‑19 pandemic severely disrupted global aviation. As an island nation with a heavy reliance on air travel, New Zealand was particularly exposed to prolonged border closures and suppressed passenger demand.
Narrative Update • Feb 20
AIR: Future Earnings Will Weigh Traffic Resilience Against Sector Margin And Execution Risks
Analysts have adjusted their NZ$ price target framework for Air New Zealand by slightly lowering the discount rate and using a higher future P/E multiple, while keeping fair value unchanged at NZ$0.55. Analyst Commentary Recent Street research activity around aviation and aerospace peers highlights a cautious tone that is relevant when you think about Air New Zealand’s valuation framework and execution risks.Narrative Update • Feb 05
AIR: Future Earnings Will Balance Traffic Resilience And Sector Margin Execution Risks
Analysts have maintained their fair value estimate for Air New Zealand at $0.55. They are now using a slightly lower discount rate, marginally higher revenue growth and profit margin assumptions, and a modestly reduced future P/E, reflecting updated views on sector fundamentals and capital deployment drawn from recent aviation and aerospace research.Narrative Update • Jan 22
AIR: Future Earnings Will Balance Execution Risks And Capacity Driven Margin Pressures
Narrative Update on Air New Zealand Analysts have left their fair value estimate for Air New Zealand unchanged at $0.55 while fine tuning assumptions for discount rate, revenue growth, profit margin and future P/E. This reflects updated views on sector growth, acquisition impacts and margin potential, similar to recent research seen across the aviation services peer group.
Narrative Update • Jan 06
AIR: Scale And Margin Gains From Next Generation Fleet Will Support Upside
Analysts have lifted their price target on Air New Zealand by US$5 to reflect updated assumptions around discount rates and future P/E, noting that their revised view incorporates potential benefits from scale and margin improvement over time. Analyst Commentary Analysts point to parallels between Air New Zealand and other aviation services names that are using scale, acquisitions, and margin focus to support higher valuation assumptions.Narrative Update • Dec 22
AIR: Future Earnings Will Balance Cost Pressures And Emerging Electric Aircraft Opportunities
Analysts have nudged their price target on Air New Zealand modestly higher, citing slightly stronger expected revenue growth, firmer profit margins, and a marginally lower discount rate that together support a fair value of $0.55 per share. Analyst Commentary While the modest increase in fair value reflects incremental improvements in Air New Zealand's outlook, bearish analysts continue to flag several areas of concern that could limit upside and keep the shares trading at a discount to peers.Narrative Update • Dec 08
AIR: Electric Aircraft Progress Will Support Future Margin Resilience
Analysts have modestly lifted their price target on Air New Zealand by $0.01 per share, citing a slightly higher discount rate that still supports a stable fair value outlook, as margins and long term earnings expectations remain largely unchanged. Analyst Commentary Analyst views on Air New Zealand remain mixed but generally constructive.Narrative Update • Nov 24
AIR: Upcoming Dividend And Electric Aircraft Progress Will Influence Recovery Path
Air New Zealand's analyst price target remains steady at $0.66. Analysts cite consistent revenue growth expectations and a slightly lower discount rate as supporting factors for maintaining their valuation outlook.Narrative Update • Nov 06
AIR: Cost Controls And Sector Demand Will Shape Recovery Amid Headwinds
Analysts have adjusted Air New Zealand’s fair value estimate downward from $0.67 to $0.66. This change is attributed to slightly lower projected revenue growth and profit margins, as well as a modest reduction in discount rate assumptions.Narrative Update • Oct 23
Analysts Adjust Air New Zealand Valuation as Revenue Projections and Margins Soften
Analysts have lowered their fair value estimate for Air New Zealand from $0.69 to $0.67 per share. They cite slightly softer revenue growth projections and reduced profit margins as key factors behind the adjustment.Analysis Article • Sep 02
Air New Zealand's (NZSE:AIR) Dividend Will Be NZ$0.0125
The board of Air New Zealand Limited ( NZSE:AIR ) has announced that it will pay a dividend on the 25th of September...Analysis Article • Aug 30
Air New Zealand Limited Just Missed Earnings - But Analysts Have Updated Their Models
As you might know, Air New Zealand Limited ( NZSE:AIR ) recently reported its yearly numbers. Revenues of NZ$6.8b were...Analysis Article • Apr 07
Air New Zealand Limited (NZSE:AIR) Shares Could Be 21% Below Their Intrinsic Value Estimate
Key Insights The projected fair value for Air New Zealand is NZ$0.74 based on 2 Stage Free Cash Flow to Equity Air New...Analysis Article • Mar 13
Returns On Capital Signal Difficult Times Ahead For Air New Zealand (NZSE:AIR)
What underlying fundamental trends can indicate that a company might be in decline? More often than not, we'll see a...Analysis Article • Feb 22
Air New Zealand (NZSE:AIR) Is Paying Out Less In Dividends Than Last Year
Air New Zealand Limited ( NZSE:AIR ) is reducing its dividend from last year's comparable payment to NZ$0.0125 on the...
New Narrative • Feb 09
Partnership With Singapore Airlines And Fleet Upgrades Will Expand International Reach
Strategic product reinvigoration and innovative designs are poised to enhance customer experience and boost future revenue growth on premium routes.Analysis Article • Dec 24
Calculating The Intrinsic Value Of Air New Zealand Limited (NZSE:AIR)
Key Insights Using the 2 Stage Free Cash Flow to Equity, Air New Zealand fair value estimate is NZ$0.52 Air New...Analysis Article • Nov 27
Fewer Investors Than Expected Jumping On Air New Zealand Limited (NZSE:AIR)
Air New Zealand Limited's ( NZSE:AIR ) price-to-earnings (or "P/E") ratio of 12.9x might make it look like a buy right...Analysis Article • Oct 31
Some Investors May Be Worried About Air New Zealand's (NZSE:AIR) Returns On Capital
To avoid investing in a business that's in decline, there's a few financial metrics that can provide early indications...Analysis Article • Sep 02
Air New Zealand Limited Just Missed EPS By 10%: Here's What Analysts Think Will Happen Next
Last week saw the newest full-year earnings release from Air New Zealand Limited ( NZSE:AIR ), an important milestone...Analysis Article • Aug 20
Air New Zealand Limited (NZSE:AIR) Investors Are Less Pessimistic Than Expected
It's not a stretch to say that Air New Zealand Limited's ( NZSE:AIR ) price-to-sales (or "P/S") ratio of 0.3x right now...Analysis Article • Jul 22
Air New Zealand (NZSE:AIR) Hasn't Managed To Accelerate Its Returns
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...Analysis Article • Apr 19
Investors Met With Slowing Returns on Capital At Air New Zealand (NZSE:AIR)
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Analysis Article • Feb 25
Analysts Have Been Trimming Their Air New Zealand Limited (NZSE:AIR) Price Target After Its Latest Report
Shareholders might have noticed that Air New Zealand Limited ( NZSE:AIR ) filed its half-year result this time last...Analysis Article • Feb 20
Calculating The Intrinsic Value Of Air New Zealand Limited (NZSE:AIR)
Key Insights Air New Zealand's estimated fair value is NZ$0.53 based on 2 Stage Free Cash Flow to Equity Air New...Analysis Article • Dec 15
These 4 Measures Indicate That Air New Zealand (NZSE:AIR) Is Using Debt Extensively
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • Sep 19
Shareholders Will Probably Be Cautious Of Increasing Air New Zealand Limited's (NZSE:AIR) CEO Compensation At The Moment
Key Insights Air New Zealand will host its Annual General Meeting on 26th of September CEO Greg Foran's total...Analysis Article • Aug 28
Air New Zealand (NZSE:AIR) Has A Somewhat Strained Balance Sheet
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...Analysis Article • Nov 22
Is Air New Zealand (NZSE:AIR) Using Debt In A Risky Way?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Shareholder Returns
| AIR | NZ Airlines | NZ Market | |
|---|---|---|---|
| 7D | -4.5% | -2.8% | 0.2% |
| 1Y | -28.0% | 11.1% | 5.7% |
Return vs Industry: AIR underperformed the NZ Airlines industry which returned 11.1% over the past year.
Return vs Market: AIR underperformed the NZ Market which returned 5.7% over the past year.
Price Volatility
| AIR volatility | |
|---|---|
| AIR Average Weekly Movement | 5.8% |
| Airlines Industry Average Movement | 5.8% |
| Market Average Movement | 4.0% |
| 10% most volatile stocks in NZ Market | 8.7% |
| 10% least volatile stocks in NZ Market | 2.7% |
Stable Share Price: AIR has not had significant price volatility in the past 3 months compared to the NZ market.
Volatility Over Time: AIR's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1940 | 11,720 | Nikhil Ravishankar | www.airnewzealand.co.nz |
Air New Zealand Limited, together with its subsidiaries, provides air passenger and cargo transportation on scheduled airlines services in New Zealand, Australia, the Pacific Islands, Asia, the United Kingdom, Europe, and the Americas. The company offers engineering and maintenance services, including aircraft and component maintenance, repair, and overhaul services; travel insurance, accommodation, and car rental services; and captive insurance, aviation, and aircraft leasing and financing services. As of June 30, 2025, it operated a fleet of 10 Boeing 777-300ER; 14 Boeing 787-9 Dreamliner; 13 Airbus A321neo; 6 Airbus A320neo; 17 Airbus A320ceo; 30 ATR 72-600; and 23 Bombardier Q300 aircrafts.
Air New Zealand Limited Fundamentals Summary
| AIR fundamental statistics | |
|---|---|
| Market cap | NZ$1.38b |
| Earnings (TTM) | -NZ$12.00m |
| Revenue (TTM) | NZ$6.80b |
0.2x
P/S Ratio-114.7x
P/E RatioIs AIR overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| AIR income statement (TTM) | |
|---|---|
| Revenue | NZ$6.80b |
| Cost of Revenue | NZ$5.28b |
| Gross Profit | NZ$1.52b |
| Other Expenses | NZ$1.53b |
| Earnings | -NZ$12.00m |
Last Reported Earnings
Dec 31, 2025
Next Earnings Date
Aug 27, 2026
| Earnings per share (EPS) | -0.0037 |
| Gross Margin | 22.31% |
| Net Profit Margin | -0.18% |
| Debt/Equity Ratio | 84.6% |
How did AIR perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/13 22:20 |
| End of Day Share Price | 2026/07/13 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Air New Zealand Limited is covered by 8 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Wade Gardiner | Deutsche Bank |
| Andrew Bowley | Forsyth Barr Group Ltd. |
| Niraj-Samip Shah | Goldman Sachs |