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

Thematic (Sector/Industry)

Australia Capital goods / Thematic (Sector/Industry)

<ul><li>Airline schedule data highlights an incremental, wait-and-see response by airlines to higher fuel prices.</li><li>Air New Zealand (AIR) has cut services (predominantly short-haul focused) through to July 2026, with 2H26 capacity now marginally below the mid-point of guidance provided (and subsequently withdrawn) at the 1H26 result.</li><li>Auckland Airport’s (AIA) scheduled seat capacity for 2H26 has declined by -3% since the crisis began, with some airlines making adjustments through to late 2026.</li></ul>

Airline schedule data highlights an incremental, wait-and-see response by airlines to higher fuel prices.Air New Zealand (AIR) has cut services (predominantly short-haul focused) through to July 2026, with 2H26 capacity now marginally below the mid-point of guidance provided (and subsequently withdrawn) at the 1H26 result.Auckland Airport’s (AIA) scheduled seat capacity for 2H26 has declined by -3% since the crisis began, with some airlines making adjustments through to late 2026.

Aviation Sector Checking In On Capacity Cuts