profit from every A$100 of sales.
A$0A$100
Air New Zealand
A$0.31-0.79% today
-38.7% in 1 year
1-year low A$0.301-year high A$0.51
Trading close to its lowest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay A$9.83 for every A$1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Air New Zealand sold, what it kept, and what it did with the cash.
Sales went from NZ$2.73 billion in 2022 to NZ$6.76 billion in 2025, with NZ$126 million of profit last year.
SalesProfit
Air New Zealand handed back 82% of the cash it generated last year.
NZ$93M
Free cash flow 2025NZ$160M
Bought back its own sharesNZ$38M
Paid as dividendsNZ$93M
Cash vs. debtNZ$1.4B vs. NZ$2.8B
Air New Zealand vs. similar companies
Air New Zealand grows in the middle of these 5 and is priced in the middle for its profits.
| Company | Profit from A$100 of sales | Sales growth a year | Price per A$1 of profit |
|---|---|---|---|
| Air New Zealand | 9.8× · Cheap | ||
 Delta Air Lines | 11.3× · Cheap | ||
 International Consolidated Airlines Group | 7.0× · Cheap | ||
 InterGlobe Aviation | No profit yet | ||
 Air China | No profit yet |
AI analysis
An AI analyst reads Air New Zealand's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of NZD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 2,734 | 6,330 | 6,752 | 6,755 | |
| 2,174 | 4,831 | 5,060 | 5,271 | |
| -669 | 587 | 228 | 174 | |
| -48 | 1,433 | 1,124 | 1,065 | |
| -591 | 412 | 146 | 126 | |
| -0.41 | 0.12 | 0.04 | 0.04 | |
| 79.5% | 76.3% | 74.9% | 78.0% | |
| -24.5% | 9.3% | 3.4% | 2.6% | |
| -21.6% | 6.5% | 2.2% | 1.9% |
Balance sheet
| In millions of NZD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 8,350 | 9,195 | 8,548 | 8,731 |
| Cash | 1,793 | 2,227 | 1,279 | 1,436 |
| Total debt | 3,368 | 3,335 | 2,816 | 2,838 |
| Total liabilities | 6,673 | 7,116 | 6,538 | 6,785 |
| 1,677 | 2,079 | 2,010 | 1,946 | |
| 1,449 | 3,368 | 3,368 | 3,405 | |
| -9.9% | 9.5% | 5.9% | 4.9% | |
| -35.2% | 19.8% | 7.3% | 6.5% |
Cash flow
| In millions of NZD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| – | – | – | – | |
| 33 | 602 | 791 | 780 | |
| 22 | 1,251 | 19 | 160 | |
| Dividends paid | – | – | 276 | 93 |
| 20 | 200 | – | 38 | |
| – | – | – | – |
Valuation
- 9.8×
- –
- –
- 0.6×
- 0.2×
- 7.7×
- 2.5×
- 12.9%
- 10.2%
- 7.5%
Profitability
- 78.0%
- 2.6%
- 1.9%
- –
- 4.9%
- 2.6%
- –
- –
- –
- –
Growth
- +35.2%
- –
- –
- –
- +33.0%
Financial health
- 1.3×
- 1.46
- –
- 2.3×
- 0.57
- –
- –
How it ranks in Industrials
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 25%of 982
Bottom 13%of 991
Top 9%of 876
Top 5%of 989
Top 9%of 988
7.5%of the share price, paid each year
On $1,000 invested$75a year at today's yield, before tax
–per share
Raised–not every year
How safe it looks
73.8% of its profit
Room to growStretchedMore than it earns: 58.1%
News
Jacobs wins $2.1B design contract for New Zealand highwaySeeking Alpha · Nov 5, 2026Stocks making big moves after hours: SANM, KEYS, AIZSeeking Alpha · Oct 14, 2026Generate, Zealand in collaboration to develop drugs for obesity, metabolic diseasesSeeking Alpha · Oct 13, 2026Shein shares fall 10% amid urgent recall of contact-lens cleaner by Australia, New ZealandCNBC · Sep 14, 2026China's slowdown pushes New Zealand exporters to diversify away from their top buyer, RBNZ official tells CNBCCNBC · Sep 3, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
2/7Passes 2 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
52No pass
Benjamin Graham
62Pass
Philip Fisher
59No pass
Peter Lynch
67Pass
Joel Greenblatt
51No pass
Charlie Munger
34No pass
Terry Smith
47No pass
Questions about Air New Zealand
Is Air New Zealand a good stock to buy?
A business with weak numbers, and the price looks low. 2 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Air New Zealand AI analysis
What does Air New Zealand do?
Air New Zealand Limited, together with its subsidiaries, provides air passenger and cargo transportation on scheduled airlines services in New Zealand, Australia, the Pacific Islands, Asia, the United Kingdom, Europe, and the Americas. It is in Airlines, based in Auckland, New Zealand, with 11,720 employees.
Does Air New Zealand pay a dividend?
Yes. At today's price the dividend is 7.5% a year, about 74% of its yearly profit. In 2025 it paid out A$93.0 million in dividends.
Is Air New Zealand stock halal?
No. Air New Zealand does not pass our halal screen: its debt is 229% of its market value, at or above the 33% limit. How we check
How has Air New Zealand stock done over the past year?
Down 38.7% over the past twelve months, to A$0.31. It traded between A$0.30 and A$0.51 and is 38.7% below its high.
Who are Air New Zealand's competitors?
The largest listed companies in the same industry are Delta Air Lines, International Consolidated Airlines Group, InterGlobe Aviation and Air China. The peers table on this page compares their profit, growth and price with Air New Zealand's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.