New Zealand Professional Investment Services Firm

Forsyth Barr

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

New Zealand Professional Investment Services Firm, Forsyth Barr

Equity Bottom-Up

<ul><li>Air New Zealand (AIR) will report a subdued first-half result on 20 February 2025, with profitability materially lower than 1H24 but sequentially better than 2H24.</li><li>Company earnings have been under pressure from a combination of high cost inflation, weak demand, and additional engine maintenance requirements.</li><li>These challenges remain, but more favourable fuel costs will help drive the sequential profit improvement. </li></ul>

Air New Zealand (AIR) will report a subdued first-half result on 20 February 2025, with profitability materially lower than 1H24 but sequentially better than 2H24.Company earnings have been under pressure from a combination of high cost inflation, weak demand, and additional engine maintenance requirements.These challenges remain, but more favourable fuel costs will help drive the sequential profit improvement. 

Air New Zealand - 1H25 Preview—Flying Slightly Higher