Qantas and Air NZ brace for revenue slowdown
The slides in June 30 profits for both Qantas (ASX:QAN) and Air NZ (ASX:AIZ) signal that the two airlines are preparing for an anticipated slowdown in revenue and earnings for 2024-25.
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Air New Zealand Limited
We believe Air New Zealand’s success is inextricably linked to the success of New Zealand and this mission is what drives us every day.
Air New Zealand operates a global network that provides passenger and cargo services to, from and within New Zealand to approximately 17 million passengers a year.
Air New Zealand’s strategic focus and competitive advantage lies within the Pacific Rim where the airline’s network reach extends from New Zealand into Australia, Asia, and the Americas.
Air New Zealand operates its own connection to London and through global alliance partners connects New Zealand to Europe and beyond, with over 3,400 flights, on average, each week to domestic and international destinations. Air New Zealand’s consolidated operating revenue was $5.5 billion in the 2018 financial year, generated by a fleet of over 100 aircraft and over 12,500 employees based globally.
The symbol that appears on the tail of our aircraft is the ‘koru’. The koru is a New Zealand Maori symbol based on the spiral shape of an unfolding fern leaf. It represents new life, renewal and hope for the future.
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News
Air New Zealand trims earnings estimates amid market challenges
Air New Zealand (ASX:AIZ) trimmed its annual earnings estimates on Monday, citing cost-of-living pressures leading to softer revenue in domestic travel, as well as more competition on its key North American routes.
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Air New Zealand trims first-half earnings forecast due to weak demand
Air New Zealand (ASX:AIZ) has adjusted its first-half earnings guidance due to persistent demand weakness, as softer leisure travel compounds the weaker domestic corporate and government trends.
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Airlines’ boom turns to bust as fuel prices soar
In the year leading up to June, Qantas (ASX:QAN), Virgin, and Air New Zealand (ASX:AIZ) all enjoyed a boom, with soaring business, revenues, and earnings as international and domestic travel rebounded. However, the surge in oil and fuel prices has since dimmed their 2022-23 performance.
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Air New Zealand faces challenges amid rising fuel prices
Air New Zealand (ASX:AIZ) has joined its trans-Tasman rival, Qantas, in warning of the increasing pressures resulting from higher oil and fuel prices.
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Air New Zealand faces worsening problems with Pratt & Whitney engines
Air New Zealand's growing problems with Pratt and Whitney engines on some of its airliners appear to be worse than initially estimated and could have an impact on Trans-Tasman travel.
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Air New Zealand Returns to Profitability with Special Dividend Amidst Travel Boom
Benefitting from a resurgent travel industry and ongoing government support, Air New Zealand (ASX:AIZ)has reported a profit and special dividend for the fiscal year ending in June. This marks the airline's return to profitability and its first dividend distribution in three years.
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Trans-Tasman Tudbuts: DOW, FSF, AIZ
Thursday's ASX trading session turned out to be a busy one for trans-Tasman stocks, with Downer EDI, Fonterra and Air New Zealand each making headlines.
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Air NZ Tailspin Continues
Air New Zealand has survived for another year, revealing a loss before tax and one-off items for the 2021-22 financial year of $NZ725 million, significantly deeper than the $NZ444 million the year before.
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Air NZ Recapitalisation Finally Takes Off
Air New Zealand’s long awaited $NZ2.2 billion recapitalisation plan announced on Thursday will test the appetite of big investors in Australia and NZ for airline and tourism stocks.
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