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Financial distress

Air New Zealand

NZC:AIR · NZAIRE0001S2
AirlinesLarge

360

5
Profit price67
Owner Earnings Yield1
Dividend Yield1
Price/Sales95
EV / Gross Profit89
Price/Book64
Return on Capital9
Cash Return on Capital1
Return on Equity18
EBIT Margin9
Gross Profitability69
Accruals42
Owner Earnings Margin7
Sales growth14
Profit Growth1
Long-Term EPS Growth10
Reinvestment59
Price momentum11
Debt load20
Refinancing1
Debt Payback1
Liquidity9
Analyst ratings1
Opinion Changes50
Price Target Upside33
Market mood62
Value Creation2/20not creating value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Air New Zealand doesn't consistently earn more than its cost of capital, so it isn't yet creating shareholder value.

Profile

CountryNew Zealand
IndustryAirlines
SizeLarge
TypePublic Company
ExchangeNZSE
Founded1940
Employees5,436
ISINNZAIRE0001S2
Last UpdateApr 2, 2026
Themes
Freight ServicePassenger Aircraft ManufacturingBusiness TravelTourismTravel AccommodationsSustainable Aviation Fuel (SAF)Air TransportationLeisureTravel

Description

Air New Zealand Limited, together with its subsidiaries, provides air passenger and cargo transportation on scheduled airlines services. Business Segments The company operates primarily in the airline industry, focusing on passenger and cargo servi…

Analysis

Weak and unloved

Air New Zealand Limited is weak and unloved: below-average business metrics and a price that reflects that disappointment.

Valuation data is not available for this company.

The trajectory is tepid and the balance sheet is stretched. The company scores 2/20 on our value-creation score: not creating value.

Nothing is flagged here: no red or amber gates, no divergence between profits and cash. That is itself information: the numbers are straightforward. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
11
2023202420252026

All-time high

36

Jun 2025

All-time low

6

Jan 2026

Average rank

17

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
95
100
97
93
Price/Earnings
92
50
91
74
Price/Book
64
59
74
28
Dividend Yield
1
49
54
94
Value (overall)
81
67
71
97

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →