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) reported a challenged FY25 result.</li><li>While reported PBT was at the top end of management’s guidance range, earnings were constrained, with the company barely profitable through 2H25.</li><li>This is expected to persist through 1H26 as AIR navigates the worst of its engine maintenance crisis.</li></ul>

Air New Zealand (AIR) reported a challenged FY25 result.While reported PBT was at the top end of management’s guidance range, earnings were constrained, with the company barely profitable through 2H25.This is expected to persist through 1H26 as AIR navigates the worst of its engine maintenance crisis.

Air New Zealand FY25—Ullo John Gotta New Motor?