Air New Zealand (AIR) has materially upgraded its 1H23 earnings guidance as (1) passenger demand remains strong, thereby boosting yields on constrained capacity, and (2) easing fuel price pressures; AIR trades on a two-year forward PE of ~8x, consistent with its longer term pre-COVID average
SUMMARY
(Sign Up to Access)
Get started on the Smartkarma Research Network with a complimentary Preview Pass to:
Unlock all research summaries
Follow top, independent analysts
Receive personalised alerts and emails
Access Briefings, Analytics, and Events
Upgrade anytime to our paid plans for full-length research, real-time analyst discussions, and more.
Join a thriving community of 45,000+ investors, including the top global asset managers managing over $13trn in assets.