Air New Zealand Limited

NZSE:AIR Stock Report

Market Cap: NZ$2.0b

Air New Zealand Future Growth

Future criteria checks 2/6

Air New Zealand is forecast to grow earnings and revenue by 23.8% and 4.2% per annum respectively. EPS is expected to grow by 24.4% per annum. Return on equity is forecast to be 14.4% in 3 years.

Key information

23.8%

Earnings growth rate

24.42%

EPS growth rate

Airlines earnings growth15.4%
Revenue growth rate4.2%
Future return on equity14.40%
Analyst coverage

Low

Last updated29 Apr 2025

Recent future growth updates

Air New Zealand Limited Just Missed EPS By 10%: Here's What Analysts Think Will Happen Next

Sep 02
Air New Zealand Limited Just Missed EPS By 10%: Here's What Analysts Think Will Happen Next

Recent updates

Air New Zealand Limited (NZSE:AIR) Shares Could Be 21% Below Their Intrinsic Value Estimate

Apr 07
Air New Zealand Limited (NZSE:AIR) Shares Could Be 21% Below Their Intrinsic Value Estimate

Returns On Capital Signal Difficult Times Ahead For Air New Zealand (NZSE:AIR)

Mar 13
Returns On Capital Signal Difficult Times Ahead For Air New Zealand (NZSE:AIR)

Air New Zealand (NZSE:AIR) Is Paying Out Less In Dividends Than Last Year

Feb 22
Air New Zealand (NZSE:AIR) Is Paying Out Less In Dividends Than Last Year
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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.

Calculating The Intrinsic Value Of Air New Zealand Limited (NZSE:AIR)

Dec 24
Calculating The Intrinsic Value Of Air New Zealand Limited (NZSE:AIR)

Fewer Investors Than Expected Jumping On Air New Zealand Limited (NZSE:AIR)

Nov 27
Fewer Investors Than Expected Jumping On Air New Zealand Limited (NZSE:AIR)

Some Investors May Be Worried About Air New Zealand's (NZSE:AIR) Returns On Capital

Oct 31
Some Investors May Be Worried About Air New Zealand's (NZSE:AIR) Returns On Capital

Air New Zealand Limited Just Missed EPS By 10%: Here's What Analysts Think Will Happen Next

Sep 02
Air New Zealand Limited Just Missed EPS By 10%: Here's What Analysts Think Will Happen Next

Air New Zealand Limited (NZSE:AIR) Investors Are Less Pessimistic Than Expected

Aug 20
Air New Zealand Limited (NZSE:AIR) Investors Are Less Pessimistic Than Expected

Air New Zealand (NZSE:AIR) Hasn't Managed To Accelerate Its Returns

Jul 22
Air New Zealand (NZSE:AIR) Hasn't Managed To Accelerate Its Returns

Investors Met With Slowing Returns on Capital At Air New Zealand (NZSE:AIR)

Apr 19
Investors Met With Slowing Returns on Capital At Air New Zealand (NZSE:AIR)

Analysts Have Been Trimming Their Air New Zealand Limited (NZSE:AIR) Price Target After Its Latest Report

Feb 25
Analysts Have Been Trimming Their Air New Zealand Limited (NZSE:AIR) Price Target After Its Latest Report

Calculating The Intrinsic Value Of Air New Zealand Limited (NZSE:AIR)

Feb 20
Calculating The Intrinsic Value Of Air New Zealand Limited (NZSE:AIR)

These 4 Measures Indicate That Air New Zealand (NZSE:AIR) Is Using Debt Extensively

Dec 15
These 4 Measures Indicate That Air New Zealand (NZSE:AIR) Is Using Debt Extensively

Shareholders Will Probably Be Cautious Of Increasing Air New Zealand Limited's (NZSE:AIR) CEO Compensation At The Moment

Sep 19
Shareholders Will Probably Be Cautious Of Increasing Air New Zealand Limited's (NZSE:AIR) CEO Compensation At The Moment

Air New Zealand (NZSE:AIR) Has A Somewhat Strained Balance Sheet

Aug 28
Air New Zealand (NZSE:AIR) Has A Somewhat Strained Balance Sheet

Is Air New Zealand (NZSE:AIR) Using Debt In A Risky Way?

Nov 22
Is Air New Zealand (NZSE:AIR) Using Debt In A Risky Way?

Here's Why Shareholders Should Examine Air New Zealand Limited's (NZSE:AIR) CEO Compensation Package More Closely

Sep 15
Here's Why Shareholders Should Examine Air New Zealand Limited's (NZSE:AIR) CEO Compensation Package More Closely

Is Air New Zealand (NZSE:AIR) A Risky Investment?

Mar 31
Is Air New Zealand (NZSE:AIR) A Risky Investment?

When Should You Buy Air New Zealand Limited (NZSE:AIR)?

Feb 27
When Should You Buy Air New Zealand Limited (NZSE:AIR)?

Earnings and Revenue Growth Forecasts

NZSE:AIR - Analysts future estimates and past financials data (NZD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
6/30/20277,351243-6829925
6/30/20266,876164-6787415
6/30/20256,715136-2604965
12/31/20246,681123193823N/A
9/30/20246,717135106817N/A
6/30/20246,75214619810N/A
3/31/20246,7392372691,051N/A
12/31/20236,7263285191,292N/A
9/30/20236,5283708851,573N/A
6/30/20236,3304121,2511,853N/A
3/31/20235,5081531,1701,669N/A
12/31/20224,686-1061,0881,484N/A
9/30/20223,710-3486491,029N/A
6/30/20222,733-591209574N/A
3/31/20222,569-541188545N/A
12/31/20212,405-491167516N/A
9/30/20212,460-391130417N/A
6/30/20212,514-29292318N/A
3/31/20212,784-460-305-61N/A
12/31/20203,054-628-703-440N/A
9/30/20203,945-541-544-105N/A
6/30/20204,835-454-385230N/A
3/31/20205,354-113-76638N/A
12/31/20195,8732272321,045N/A
9/30/20195,8292521991,016N/A
6/30/20195,785276165986N/A
3/31/20195,7382922021,007N/A
12/31/20185,6903082381,027N/A
9/30/20185,593349N/A1,029N/A
6/30/20185,495390N/A1,031N/A
3/31/20185,376374N/A1,019N/A
12/31/20175,257358N/A1,007N/A
9/30/20175,183370N/A956N/A
6/30/20175,109382N/A904N/A
3/31/20175,113382N/A907N/A
12/31/20165,117381N/A909N/A
9/30/20165,174422N/A992N/A
6/30/20165,231463N/A1,074N/A
3/31/20165,226498N/A1,169N/A
12/31/20155,220532N/A1,263N/A
9/30/20155,073430N/A1,182N/A
6/30/20154,925327N/A1,100N/A
3/31/20154,828291N/A954N/A
12/31/20144,731255N/A808N/A
9/30/20144,692259N/A769N/A
6/30/20144,652263N/A730N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: AIR's forecast earnings growth (23.8% per year) is above the savings rate (3.2%).

Earnings vs Market: AIR's earnings (23.8% per year) are forecast to grow slower than the NZ market (26.3% per year).

High Growth Earnings: AIR's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: AIR's revenue (4.2% per year) is forecast to grow slower than the NZ market (4.6% per year).

High Growth Revenue: AIR's revenue (4.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: AIR's Return on Equity is forecast to be low in 3 years time (14.4%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/20 06:21
End of Day Share Price 2025/05/20 00:00
Earnings2024/12/31
Annual Earnings2024/06/30

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 12 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Wade GardinerDeutsche Bank
Andrew BowleyForsyth Barr Group Ltd.
Owen BirrellGoldman Sachs