Air New Zealand Limited (NS) Ordinary Shares
AIR.NZXIndustrials
At Air New Zealand we provide world-class air passenger and cargo services to, from and within New Zealand. We operate one of the most comprehensive domestic and regional networks in the world, flying to 20 destinations across New Zealand, offering more than 400 flights every day. Internationally, our strategic focus and competitive advantage lie within the Pacific Rim where our network reach extends from New Zealand into Australia, the Pacific Islands, Asia and North America. Alongside key global alliance partners, including United Airlines, Singapore Airlines, Cathay Pacific and Air China, we connect New Zealand to more than 600 destinations worldwide. Our network serves more than 16 million passengers every year and is operated by a fleet of more than 100 aircraft and over 11,000 employees globally. Our Airpoints™ loyalty programme is considered the premier loyalty programme in New Zealand and provides members with an easy and transparent currency - Airpoints Dollars™. Members earn points by travelling with the airline and spending at retail partners. With over four and a half million members, Airpoints provides us with unique data points that help us understand our customers and their travel needs. Our simplified and modern fleet consists of fuel-efficient aircraft, across a small number of aircraft types, which provides the airline with a competitive cost structure and greater operational efficiencies. We maintain a disciplined approach to capital allocation supported by our Capital Management Framework, which enables us to balance capital allocation decisions between re-investment in the business, our sustainability ambitions and returns to shareholders over the long-term. We have a credit rating of Baa1 from Moody's, with a stable outlook, making us one of the top investment-grade rated airlines in the world. Find out more about Air New Zealand • Board • Executive management team • Corporate governance • Board committees and charters • Corporate and social responsibility policies • Investor centre
Market Data
$0.430
-0.0%$1.4B
-72.9x
$-0.006
2.87%
-0.3%
Latest Earnings
Resignation of Air New Zealand Chief Financial Officer
22 April 2026
Air New Zealand has announced the resignation of CFO Richard Thomson, who will depart the airline on 28 August 2026. Thomson joined in March 2021 and oversaw the airline's recapitalisation, post-Covid recovery, and response to fleet availability challenges. The company has commenced a search for a replacement CFO. Key points: Richard Thomson oversaw a significant period including the airline's recapitalisation and post-Covid recovery; Orderly transition with a departure date of 28 August 2026, allowing time for succession planning; CFO search has already commenced, signalling proactive management of the transition
Recent Announcements
Air New Zealand 2026 Annual Results Webcast Details
Air New Zealand announced that its 2026 Annual Results will be released on Friday 28 August 2026 before NZX trading begins, followed by a webcast and conference call at 10:30am NZST hosted by CEO Nikhil Ravishankar and CFO Richard Thomson.
Air New Zealand appoints new Chief Financial Officer
Air New Zealand appoints Kris Cudmore as Chief Financial Officer effective 3 August 2026, succeeding Richard Thomson. Cudmore, currently Infrastructure, Planning & Commercial Lead at Air New Zealand, brings extensive finance and commercial leadership experience from roles at Spark New Zealand and Telstra, and will support the airline's new strategy implementation.
Air New Zealand strategy reset: Te Pae Hou - Our Future
Air New Zealand announced its 'Te Pae Hou - Our Future' strategy reset focused on returning to profitability through three priorities: Customer First (reliability and punctuality), Targeted Growth (profitable network expansion with new Christchurch routes to Japan, Singapore, and Perth), and Resilient and Future Fit (cost transformation with ~$100m annualised benefits forecast from FY27). The company reaffirmed its FY26 loss guidance of $340-390 million and indicated further financial details will be provided at FY26 annual results and an Investor Day planned for November 2026.
Air New Zealand Investor Update (Op Stats) May 2026
Air New Zealand's May 2026 operational update shows group capacity decreased marginally (0.1%) year-over-year despite adding A321 aircraft, with domestic capacity up 2.9% offset by targeted reductions due to rising jet fuel prices following Middle East conflict; year-to-date underlying RASK improved 2.7% overall, driven by long-haul performance (5.9% increase) amid Boeing 787 supply constraints, while short-haul RASK declined 1.1%.
Air New Zealand Investor Update (Op Stats) April 2026
Air New Zealand issued an operational update for April 2026 showing 2.2% passenger growth and improved load factors, but announced a significant FY26 loss forecast of $340-390 million due to elevated jet fuel prices following Middle East conflict, partially offset by $70 million in mitigation actions and $100 million in identified cost savings.
Air New Zealand market update
Air New Zealand has revised its FY26 outlook to an expected loss of $340-$390 million before tax due to a $240 million fuel cost headwind caused by elevated jet fuel prices following Middle East conflict escalation, partially offset by $70 million in mitigation actions including capacity reductions, fare increases, and $100 million in identified cost savings. The airline maintains a strong liquidity position of approximately $1.3 billion and is not contemplating capital transactions, though Moody's has downgraded its outlook to negative while reaffirming its Baa1 credit rating.
Air New Zealand Investor Update (Op Stats) March 2026
Air New Zealand's March 2026 operational update shows group capacity increased 4.1% year-on-year with improved underlying RASK of 2.7%, though short-haul revenue metrics declined 0.8% due to Boeing 787 aircraft-on-ground constraints affecting long-haul operations. The announcement also notes CFO Richard Thomson's resignation effective August 2026, Moody's downgrade to negative outlook, and commercial developments including the launch of the Koru loyalty programme refresh and Economy Skynest booking availability.
Moody’s affirms Air NZ rating at Baa1, outlook downgraded
Moody's has affirmed Air New Zealand's issuer and senior unsecured debt ratings at Baa1, but downgraded the outlook from stable to negative, signaling increased credit risk despite maintaining the current rating level.
Resignation of Air New Zealand Chief Financial Officer
Air New Zealand has announced the resignation of CFO Richard Thomson, who will depart the airline on 28 August 2026. Thomson joined in March 2021 and oversaw the airline's recapitalisation, post-Covid recovery, and response to fleet availability challenges. The company has commenced a search for a replacement CFO. Key points: Richard Thomson oversaw a significant period including the airline's recapitalisation and post-Covid recovery; Orderly transition with a departure date of 28 August 2026, allowing time for succession planning; CFO search has already commenced, signalling proactive management of the transition
Air New Zealand Investor Update (Op Stats) February 2026
Air New Zealand released February 2026 operational statistics showing group capacity down 1.3% year-over-year, with international operations impacted by strike action causing ~3% cancellations; the airline subsequently suspended FY2026 earnings guidance on March 10 due to unprecedented jet fuel price volatility following Middle East conflict escalation, with fuel prices spiking from US$85-90 to US$150-200 per barrel.
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