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    AIR   NZAIRE0001S2

AIR NEW ZEALAND LIMITED

(AIR)
  Report
End-of-day quote. End-of-day quote New Zealand Stock Exchange - 11/26
1.575 NZD   -2.48%
11/22New Zealand to end tough COVID curbs, adopt new virus-fighting system
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11/17Humm Strikes Strategic Partnership for Air New Zealand's Loyalty Program
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11/17AIR NEW ZEALAND : 2021 Databook
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Virgin Australia to suspend all international flying as coronavirus sinks demand

03/17/2020 | 05:10pm EST
FILE PHOTO: FILE PHOTO: Aircraft from Australia's second largest airline, Virgin Australia, sit on the tarmac at the domestic terminal of Sydney Airport

Virgin Australia Holdings Ltd said on Wednesday it would suspend all international flying from March 30 to June 14 and cut its domestic capacity in half because of government travel restrictions and lower demand because of the coronavirus.

Australia's No. 2 airline will ground the equivalent of 53 aircraft from its fleet, including all of its widebody jets.

"We have entered an unprecedented time in the global aviation industry, which has required us to take significant action to responsibly manage our business while balancing traveller demands and supporting the wellbeing of Australians," Virgin Chief Executive Paul Scurrah said in a statement.

"Wherever possible, we will aim to avoid redundancies by fast-tracking measures such as the use of accrued leave, leave without pay and redeployment," he said of the impact on staff.

Australia and New Zealand over the weekend said all international arrivals would need to self-isolate for 14 days, in a move that also led rivals Qantas Airways Ltd and Air New Zealand Ltd to make drastic cuts to capacity.

Virgin is in the weakest financial position of the three carriers. S&P Global Ratings downgraded its credit rating on Virgin to B- and placed it on creditwatch negative.

(Reporting by Jamie Freed; Editing by Sandra Maler and Grant McCool)


ę Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AIR NEW ZEALAND LIMITED -2.48% 1.575 End-of-day quote.-12.50%
LETS HOLDINGS GROUP CO., LTD. -2.37% 6.59 End-of-day quote.-15.30%
LOOK HOLDINGS INCORPORATED -1.08% 1372 End-of-day quote.43.36%
QANTAS AIRWAYS LIMITED -5.48% 5 End-of-day quote.3.09%
All news about AIR NEW ZEALAND LIMITED
11/22New Zealand to end tough COVID curbs, adopt new virus-fighting system
RE
11/17Humm Strikes Strategic Partnership for Air New Zealand's Loyalty Program
MT
11/17AIR NEW ZEALAND : 2021 Databook
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11/02Air New Zealand Limited Announces Operating Results for the Month of September and Year..
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10/27Air New Zealand Limited Announces Directors Appointments
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10/27New Zealand to Halve Quarantine in First Step of Opening Border -- Update
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10/27Air New Zealand to Borrow $645 Million From Government by February
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More news
Analyst Recommendations on AIR NEW ZEALAND LIMITED
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Financials
Sales 2022 2 831 M 1 932 M 1 932 M
Net income 2022 -435 M -297 M -297 M
Net Debt 2022 2 187 M 1 492 M 1 492 M
P/E ratio 2022 -6,15x
Yield 2022 -
Capitalization 1 768 M 1 206 M 1 207 M
EV / Sales 2022 1,40x
EV / Sales 2023 0,78x
Nbr of Employees 7 840
Free-Float 46,6%
Chart AIR NEW ZEALAND LIMITED
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Air New Zealand Limited Technical Analysis Chart | AIR | NZAIRE0001S2 | MarketScreener
Technical analysis trends AIR NEW ZEALAND LIMITED
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TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus SELL
Number of Analysts 5
Last Close Price 1,58 NZD
Average target price 1,17 NZD
Spread / Average Target -25,7%
EPS Revisions
Managers and Directors
Gregory S. Foran Chief Executive Officer
Richard Thomson Chief Financial Officer
Therese Maria Walsh Chairman
Jonathan Parker Mason Independent Non-Executive Director
Laurissa Cooney Independent Non-Executive Director
Sector and Competitors