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&#8217;s (AIR) expected strategy reset sets out its key strategic priorities with a core emphasis on having a competitive product, continuing to grow the business, and generating reasonable returns helped by a well-advanced cost-out programme.</li><li>No new financial targets have been announced though AIR suggests further commentary will be forthcoming at the FY26 result and November 2026 investor day.</li><li>The strategy reset announcement was released onto the NZX as a non-price sensitive disclosure from AIR, which we would concur with.</li></ul>

Air New Zealand&#8217;s (AIR) expected strategy reset sets out its key strategic priorities with a core emphasis on having a competitive product, continuing to grow the business, and generating reasonable returns helped by a well-advanced cost-out programme.No new financial targets have been announced though AIR suggests further commentary will be forthcoming at the FY26 result and November 2026 investor day.The strategy reset announcement was released onto the NZX as a non-price sensitive disclosure from AIR, which we would concur with.

Air New Zealand (AIR.NZ) - Strategy Reset