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
$0.440
-0.0%$1.4B
-74.6x
$-0.006
2.81%
-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 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.
Air New Zealand Investor Update (Op Stats) January 2026
Air New Zealand reported a 1H 2026 loss before taxation of $59 million (vs. profit of $144 million in prior year) driven by global engine maintenance delays, slower domestic demand recovery, rising aviation costs, and currency headwinds; the airline expects 2H 2026 earnings broadly in line with or modestly below the first half, with no interim dividend declared.
Disclosure of Senior Managers Relevant Interests
Air New Zealand disclosed senior managers' relevant interests on 1 April 2026, including the lapse of remaining 2022 share rights for eight executives (Nikki Dines, Greg Foran, Alex Marren, Nathan McGraw, Jeremy O'Brien, Nikhil Ravishankar, Richard Thomson, and Michael Williams) and initial disclosure of newly appointed Chief Operations Officer Kate Boyer's holdings of 44,817 ordinary shares and 532,144 convertible rights.
Air New Zealand suspends FY2026 guidance
Air New Zealand suspended its FY2026 earnings guidance due to unprecedented volatility in global jet fuel markets following Middle East conflict escalation, with jet fuel prices surging from US$85-90 to US$150-200 per barrel and expected to materially impact second-half earnings.
Air NZ 2026 interim result and full year guidance
Air New Zealand reported a 1H FY26 loss before tax of $59 million, down from earnings of $144 million in the prior corresponding period, primarily due to global engine maintenance delays, slower domestic recovery, and rising aviation system costs. Despite receiving $55 million in compensation, the company estimates engine issues cost around $90 million in potential earnings, with no interim dividend declared. Key points: Received $55 million in compensation from engine manufacturers for 1H disruptions; Delivered ~$45 million in incremental transformation benefits with ~$145 million cumulative benefits since 2025; Seven Boeing 787 aircraft returned to service following retrofit completion
Air New Zealand Investor Update (Op Stats) December 2025
Air New Zealand reported December 2025 operational statistics showing group capacity decreased 1.0% year-over-year, with passenger load factor improving to 84.5% from 83.9%. The company also announced executive appointments including Kate Boyer as new Chief Operations Officer for Ground and Inflight operations, effective March 30, 2026.
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