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AIR - Air New Zealand profile

This is a basic profile of an NZX50 listed company. It is not investment advice. We recommend you contact a qualified adviser if you need more information.

Air New Zealand 

Directory

NZX code: AIR
Short name: Air New Zealand
Legal name: Air New Zealand Limited
Industry sector: Airline
NZX50 rank: 19 of 50
Head office address: Air New Zealand House, 185 Fanshawe Street, Auckland, 1010
Chairman: Dame Therese Walsh
Chief executive: Greg Foran
Financial year ended: June
Locations: New Zealand
Auditor: Deloitte
Bankers: [Not disclosed]

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Air New Zealand

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Financial statement history
 

A. Recent trading and performance summary:

  Total
revenue
NPAT Earnings
per share
fye June bln mln cents
2018 $5.5 $390 35
2019 $5.8 $276 25
2020 $4.8 ($454) -40
2021 $2.5 ($292) -26
2022 $2.7 ($591) -41
2023 $6.3 $412 12
2024 $6.8 $416 4

 

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B. Recent financial position summary:

  Total
assets
Total
Liabilities
Equity
ratio
fye June bln bln %
2018 $7.8 $5.7 28
2019 $7.6 $5.6 26
2020 $7.5 $6.2 18
2021 $6.7 $5.6 17
2022 $8.4 $6.7 20
2023 $9.2 $7.1 23
2024 $8.5 $6.5 24

 

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C. Recent cash flows and positions:

  Cash
inflows
Cash
outflows
Cash and equiv. 
at year end
fye June mln mln mln
2018 $1,031 $1,057 $1,343
2019 $986 $1,274 $1,055
2020 $230 $847 $438
2021 $323 $495 $266
2022 $1,858 $331 $1,793
2023 $1,853 $1,858 $1,793
2024 $810 $1,758 $1,279

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D. Recent key ratio analysis:

  Earnings
per share
Price:Earnings
ratio
NTA/share Dividend
yield
fye June cents annual avg dollars annual avg %
2018 35 9 1.7 6.9
2019 25 11 1.6 8.3
2020 -40 -3 1.0 N/A
2021 -26 -6 0.9 N/A
2022 -41 -1 0.4 N/A
2023 12 6 0.6 10.8
2024 9 6 0.5 18.5

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Description of trading activities 
Air New Zealand operates a global network that provides passenger and cargo services to, from and within New Zealand to approximately 17 million passengers per year.

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CEO profile
Greg Foran started as the Chief Executive Officer on the 3rd of February, 2020. Foran joined Air NZ, from being the Chief executive officer of Walmart U.S., in 2014 to 2019. Foran was responsible for the strategic direction and performance of Walmart U.S., which has a total of 4,600 stores, and more than 1,000,000 staff. Foran holds a Diploma in Management from the New Zealand Institute of Management and has attended Advanced Management Programs at Harvard University, and the University of Virginia.


Chairman profile
Dame Therese Walsh is an independent director and Chair of Air New Zealand Ltd. Dame Theresa Walsh is also the Chair of ASB Bank Ltd, Chapter Zero NZ Steering Group, and Director of Antarctica New Zealand. Dame Therese is a Fellow of the Institute of Chartered Accountants and a commerce graduate from Victoria University. In 2013, she was named the inaugural supreme winner of the Women of Influence Awards and awarded a Sir Peter Blake Trust Leadership Award in 2014. 


Links:

Company website: https://www.airnewzealand.co.nz/
Investor information: https://www.airnewzealand.co.nz/investor-centre
NZX listing: https://www.nzx.com/companies/AIR
Annual reports: https://www.airnewzealand.co.nz/latest-annual-and-interim-results

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