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] |
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 | $5.495 | $390 | 34.7 |
| 2019 | $5.785 | $276 | 24.6 |
| 2020 | $4.836 | ($454) | (40.4) |
| 2021 | $2.517 | ($292) | (26.0) |
| 2022 | $2.734 | ($591) | (40.8) |
| 2023 | $6.330 | $412 | 12.2 |
B. Recent financial position summary:
| Total assets |
Total Liabilities |
Equity ratio |
|
| fye June | bln | bln | % |
| 2018 | $7.846 | $5.670 | 27.7 |
| 2019 | $7.621 | $5.629 | 26.1 |
| 2020 | $7.543 | $6.225 | 17.5 |
| 2021 | $6.684 | $5.586 | 16.5 |
| 2022 | $8.350 | $6.673 | 20.1 |
| 2023 | $9.195 | $7.116 | 22.6 |
C. Recent cash flows and positions:
| Cash inflows |
Cash outflows |
Cash and equiv. at year end |
|
| fye June | mln | mln | mln |
| 2018 | $1031 | $1057 | $1343 |
| 2019 | $986 | $1274 | $1055 |
| 2020 | $230 | $847 | $438 |
| 2021 | $323 | $495 | $266 |
| 2022 | $1858 | $331 | $1793 |
| 2023 | $1853 | $1858 | $1793 |
D. Recent key ratio analysis:
| Earnings per share |
Price:Earnings ratio |
NTA/share | Dividend yield |
|
| fye June | cents | annual avg | dollars | annual avg % |
| 2018 | 34.7 | 9.1 | 1.69 | 6.93 |
| 2019 | 24.6 | 10.8 | 1.61 | 8.30 |
| 2020 | (40.4) | (3.3) | 1.01 | N/A |
| 2021 | (26.0) | (6.0) | 0.86 | N/A |
| 2022 | (40.8) | (1.4) | 0.39 | N/A |
| 2023 | 12.2 | 6.3 | 0.55 | 10.75 |
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.
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 |