Air NZ shares fall, analysts query capital return strategy

Fri, 28 Aug 2015

By Fiona Rotherham Aug. 28 (BusinessDesk) - Air New Zealand’s share price has dropped 16 percent in the last three months and 5.7 percent since announcing a record $327 million net profit this week and indicating a significant earnings uplift for the 2016 financial year. Deutsche Bank analyst Chris Byrne said in a research note that the negative reaction to the 2015 full-year result suggested the market was disappointed no special dividend was announced and remains concerned about the airline’s ability to profitably fill capacity increase...

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