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) will report a significant decline in earnings in its FY24 result on 29 August 2024, despite the material non-cash boost of COVID related credit breakage.</li><li>It has been a challenging year for AIR, given weakening demand, intense competition on key sectors (particularly North America), and the emergence of further engine issues (this time with Pratt &amp; Whitney).</li><li>The company downgraded market earnings expectations four times during FY24. </li></ul>

Air New Zealand (AIR) will report a significant decline in earnings in its FY24 result on 29 August 2024, despite the material non-cash boost of COVID related credit breakage.It has been a challenging year for AIR, given weakening demand, intense competition on key sectors (particularly North America), and the emergence of further engine issues (this time with Pratt &amp; Whitney).The company downgraded market earnings expectations four times during FY24. 

Air New Zealand - FY24 Preview — Profits Grounded