Soaring share price takes Air NZ off the radar

Air NZ's chief executive Greg Foran has said the future recovery of the business depends on decisions it does not get to make. (Image: Getty)

Dan Brunskill

Fri, 07 Jan 2022

Air New Zealand is likely the NZX-listed company that has been worst affected by the covid-19 pandemic, which basically wiped out two-thirds of the airlines’ operations.But despite being reduced to a deeply indebted domestic carrier with no prospect of immediate recovery to its former self, the stock has only lost half of its valuation.It opened in the new year at $1.52, down roughly 14% from 12 months ago and almost exactly 50% of where it was at the start of 2020.This is well ahead of the price most equity research analysts are telling...

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