Air NZ preps for more capital returns

Air NZ preps for more capital returns
Airfares are flying high, along with a lot of New Zealanders. (Image: BusinessDesk)
Pattrick Smellie
Air New Zealand is setting the stage for more capital returns to shareholders over the next two years as it targets a new range of capital management metrics.The national carrier made a down payment today with a special dividend of six cents per share, fully imputed, at the same time as it announced a $1.3 billion earnings turnaround.The rebound from a covid-induced pre-tax loss of $810 million in the 2022 financial year produced a $574m pre-tax profit in the year to June 30, the airline’s second-best-ever earnings performance as it...

More Infrastructure

Investment Summit creates 'momentum'
Infrastructure

Investment Summit creates 'momentum'

An Italian tunneling firm says the summit helped convince them to stay in NZ.

Oliver Lewis 14 Mar 2025
Fast-track early birds pass first hurdle
Infrastructure

Fast-track early birds pass first hurdle

EPA clears first three applicants as Jones warns against 'finicky' approach.

Oliver Lewis 13 Mar 2025
Consortium steps forward for Northland Expressway
Infrastructure

Consortium steps forward for Northland Expressway

Nicola Willis talks up summit deal-making and calls NZ an 'undervalued stock'.

Oliver Lewis 13 Mar 2025