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Air New Zealand (AIR) briefings

Read that company's published results in release order, newest first.

Air New Zealand (AIR)FY26Released 28 August 2026

Air New Zealand swings to a $336.0m pretax loss on fuel costs

Revenue rose 3.9% but profit before tax swung to a $336.0m loss as fuel costs and a heavier capex programme pushed free cash flow negative.

Published 28 August 2026

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Air New Zealand (AIR)HY26Released 26 February 2026

PBT swung to a NZ$59m loss on 1.2% revenue as capex more than doubled

A NZ$524m working-capital release flattered headline cash but could not stop net debt swinging to NZ$450m from NZ$154m of net cash a year ago.

Published 21 April 2026

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Air New Zealand (AIR)FY25Released 28 August 2025

PBT fell 14.9% on flat revenue as working-capital build doubled the historical

Air New Zealand earned flat revenue of NZ$6.8b but PBT declined 14.9% to NZ$189m, with a NZ$33m working-capital build nearly 2.5 times the historical

Published 22 April 2026

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Air New Zealand (AIR)HY25Released 20 February 2025

Engine grounding drives 17.8% NPAT slide; dividend cut 37.5%

NPAT fell to NZ$106.0m at the top of guidance, but with up to 11 aircraft grounded at times in 2H25 the dividend was reset.

Published 22 April 2026

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Air New Zealand (AIR)FY24Released 29 August 2024

Pre-lease FCF collapsed to NZ$19m as capex rose 31% and OCF halved

NPAT stepped down off the FY23 reopening peak, but the cash squeeze leaves an 81.4% NPAT payout uncovered by free cash flow.

Published 22 April 2026

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Air New Zealand (AIR)HY24Released 22 February 2024

PBT fell 38.1% and capex rose 59.6%, turning FCF negative

Revenue grew 11.2% but earnings normalised from the post-reopening peak as a 2.0cps dividend was declared against negative free cash.

Published 22 April 2026

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Air New Zealand (AIR)FY23Released 24 August 2023

Revenue +131.5% drove swing to NZ$412m NPAT and NZ$549m net cash

Pre-lease free cash flow of NZ$1.25b ran nine times the historical baseline as capex stepped up 84% to fund the next fleet and digital cycle.

Published 22 April 2026

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Air New Zealand (AIR)HY23Released 23 February 2023

First post-COVID profit: NZ$299m PBT and net cash position restored

Revenue tripled to NZ$3.1b drove NZ$972m of operating cash flow and a net cash position, against a COVID-trough HY22 comparable.

Published 22 April 2026

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Air New Zealand (AIR)FY22Released 25 August 2022

PBT loss widened 97% to -$810m as recap cut net debt to $50m

Operating revenue grew 8.6% but fuel costs and pandemic capacity restrictions deepened the loss, while equity issuance transformed the balance sheet.

Published 22 April 2026

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