Competition should cap Air NZ's 'excess international returns'

Competition should cap Air NZ's  'excess international returns'
Engine maintenance on Air NZ's NEO fleet is going to disrupt its schedule. (Image: Getty)
Rebecca Stevenson
Forsyth Barr has slashed its earnings expectations for Air New Zealand and now expects a net profit after tax of $251 million for the 2024 financial year. Forbar analysts Andy Bowley and Paul Koraua said in a research note on Wednesday that the national carrier’s earnings were likely to be materially lower than for the financial year ended June 30, 2023, due to lower domestic loads, higher fuel costs and sustained labour inflation. They revised down expectations for net profit after tax and profit before tax by 22% on previ...

More Markets

NZ stocks end flat as US Fed decision looms
Markets Market Close

NZ stocks end flat as US Fed decision looms

Market finishes slightly down as telco company Spark loses more ground.

Jamie Gray 12 Sep 2025
Locate Technologies plans to quit ASX for NZX
Markets

Locate Technologies plans to quit ASX for NZX

Bitcoin-favouring Locate Technologies eyes move to NZX's main board.

Staff reporters 12 Sep 2025
Vital takeover bid passes threshold at 11th hour
Markets

Vital takeover bid passes threshold at 11th hour

Tait International has secured acceptances to meet the 90% minimum condition for its Vital takeover less than a day before the offer was set to expire.Vital filed a substantial product holder (SPH) notice to the NZX on Friday morning, which showed Tait's stake lifted to 92.1%...

Gregor Thompson 12 Sep 2025
Tower again hikes FY underlying profit outlook
Markets

Tower again hikes FY underlying profit outlook

Insurer sees FY underling profit up as large events weigh less than expected     

Staff reporters 12 Sep 2025