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) has downgraded earnings for the fourth time in FY24, due to weaker domestic demand and the impact of elevated competition on North American services. </li><li>On an underlying basis the company now expects profit before tax to be broadly breakeven through 2H24.</li><li>The trading backdrop has deteriorated further, with no support from fuel prices. </li></ul>

Air New Zealand (AIR) has downgraded earnings for the fourth time in FY24, due to weaker domestic demand and the impact of elevated competition on North American services. On an underlying basis the company now expects profit before tax to be broadly breakeven through 2H24.The trading backdrop has deteriorated further, with no support from fuel prices. 

Air New Zealand  - Second Half Loss of Altitude