Air New Zealand Investor Update (Op Stats) – March 2022

GENERAL
Mon, May 09 2022 01:51 pm

Please find attached the Air New Zealand Investor Update for March 2022.

For investor relations questions, please contact:
Leila Peters
General Manager, Corporate Finance
leila.peters@airnz.co.nz
+64 21 743 057

Announcement PDF

Markets News

Infrastructure
Kiwi chair Mark Ford says property values may fall 5-10%
Jenny Ruth | Wed, 29 Jun 2022

Many of the factors weighing on Kiwi Property's share price are beyond its control, chair Mark Ford told shareholders.

Markets
Cecilia Robinson shoulder tapped for My Food Bag board seat
Dan Brunskill | Wed, 29 Jun 2022

The serial entrepreneur kept a financial and personal stake in the company, even after its IPO last year. 

Markets
New Image fined $1.5m for 2013 Takeovers Code breaches
Staff reporters | Wed, 29 Jun 2022

New Image delisted from the New Zealand Stock Exchange in May 2013 after its major shareholder gained control. 

Markets
Air NZ gets set for post-pandemic competition with cabin refit
Dan Brunskill | Wed, 29 Jun 2022

The cabin redesign's focus on sustainability lowers operating costs for the airline and gives it a unique selling point.  

Opinion
Govt signs off on treating Fonterra fund investors badly
Jenny Ruth | Wed, 29 Jun 2022

Agriculture minister Damien O’Connor has acknowledged the fund investors may feel “unfairly prejudiced” and failure to buy them out could hurt NZ’s investment climate.

Markets FREE
Sleepy day for NZ shares
Ella Somers | Tue, 28 Jun 2022

NZ shares were lethargic this morning before getting some of the pep back in their step by the end of the day.

Markets
Carbonz wants to be the Sharesies of carbon credits
Ian Llewellyn | Tue, 28 Jun 2022

A new carbon trading platform aims to bring retail investors and landowners into the carbon market while increasing biodiversity and cutting emissions.

Markets market close
NZ sharemarket rebounds with Wall Street rally
Dan Brunskill | Mon, 27 Jun 2022

US markets rallied on Friday night as traders began thinking an economic slowdown would stop the US Federal Reserve from hiking interest rates.

News in Brief FREE
Cannasouth announces new manufacturing deal
Staff reporters | Mon, 27 Jun 2022

The medicinal cannabis company has signed a three-year deal with Harker Herbal Products.

Markets
Fletcher wowed analysts at last week’s investor day
Jenny Ruth | Mon, 27 Jun 2022

All five of the analysts’ reports BusinessDesk has seen have either “overweight” or “outperform” investment recommendations on Fletcher shares.

Markets FREE
How to survive a bear market
Dan Brunskill | Fri, 24 Jun 2022

Bear markets can be stressful but they also present opportunities for investors, says Salt Funds' Greg Fleming.  

Markets FREE
Index heavyweights pull NZ shares higher
Ella Somers | Thu, 23 Jun 2022

Peter McIntyre, an investment adviser at Craigs Investment Partners, said it had been a “strong performance” in today’s market.

Infrastructure
How we can fix New Zealand's ports – Don Braid
Brent Melville | Thu, 23 Jun 2022

The head of the multinational logistics group says having container cranes sitting idle across the country is a waste of assets

Markets Exclusive
Investment platform Stake brings stock lending to NZ
Dan Brunskill | Thu, 23 Jun 2022

The zero-brokerage fee share trading platform is looking for ways to bring in revenue and make its business model more sustainable. 

Infrastructure
Fletcher to deliver at least $850m operating earnings in 2023
Jenny Ruth | Thu, 23 Jun 2022

Fletcher Building achieved second-half profit margins of 9.5%, just below its target of 10% by the 2023 financial year.

Markets market close
NZ shares fall as Eroad near all-time low
Dan Brunskill | Wed, 22 Jun 2022

Eroad had a second day as the index’s biggest decliner, falling more than 5% to $1.57 and bringing its decline over the past year to almost 75%.

Infrastructure
Fletcher said Gib orders reached double capacity
Staff reporters | Wed, 22 Jun 2022

Fletcher's new plant at Tauriko, due to open next year, will increase industry capacity by 30%.

Infrastructure
Craigs recommends investors be ‘overweight’ Fletcher shares
Jenny Ruth | Wed, 22 Jun 2022

Even under a “bear-case scenario”, the house building pipeline should support Fletcher’s medium-to-long-term performance.

Markets FREE
NZ shares rise as recession fears ease
Ella Somers | Tue, 21 Jun 2022

Some investors in NZ’s market took the opportunity to buy up “beaten up” stock on the index today, Devon Funds' Greg Smith said.

Markets market close
NZ shares flat as recession risk puts investors off trading
Dan Brunskill | Mon, 20 Jun 2022

Trading volumes were unusually light, with US markets closed tonight for a national holiday.

Infrastructure
NZSA, Simplicity call for Fletcher chair Bruce Hassall to resign
Jenny Ruth | Mon, 20 Jun 2022

The shareholder representatives say the Fletcher board must bear ultimate responsibility for the company’s poor performance and the Gib plasterboard shortage.

Markets
NZME makes up for slow buyback with $10m special dividend
Dan Brunskill | Mon, 20 Jun 2022

NZME has only spent $5.3m of the $30m set aside for share buybacks. 

Markets
Macquarie says Australian banks are profiting from low term deposit rates
Dan Brunskill | Mon, 20 Jun 2022

Are banks being too slow to raise term deposit rates? Some analysts say yes. 

Markets Market Close
Cautious trading follows week of share market turmoil
Ella Somers | Fri, 17 Jun 2022

Peter McIntyre, an investment adviser at Craigs Investment Partners, says New Zealand’s market has been "reliably well-behaved over the course of the day".