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 had a phenomenal start to FY23, with elevated passenger yields and strong forward bookings accelerating its return to above average levels of profitability</li><li>Management cautions against extrapolating its first half earnings guidance into the whole of FY23 as yields are likely to fall as industry capacity returns</li><li>In light of the very dynamic nature of AIR's current performance, ​its upcoming monthly operating stats will provide critical insights into its 1H23 revenue generation</li></ul>

Air New Zealand (AIR) has had a phenomenal start to FY23, with elevated passenger yields and strong forward bookings accelerating its return to above average levels of profitabilityManagement cautions against extrapolating its first half earnings guidance into the whole of FY23 as yields are likely to fall as industry capacity returnsIn light of the very dynamic nature of AIR's current performance, ​its upcoming monthly operating stats will provide critical insights into its 1H23 revenue generation

Air New Zealand

Air New Zealand: Yielding Better Revenue