Air New Zealand (NZSE:AIR) First Half 2023 Results
Key Financial Results
Revenue: NZ$3.08b (up 174% from 1H 2022).
Net income: NZ$213.0m (up from NZ$272.0m loss in 1H 2022).
Profit margin: 6.9% (up from net loss in 1H 2022).
EPS: NZ$0.063 (up from NZ$0.24 loss in 1H 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Air New Zealand Earnings Insights
Looking ahead, revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Global Airlines industry.
The company's shares are down 3.1% from a week ago.
What about risks? Every company has them, and we've spotted 1 warning sign for Air New Zealand you should know about.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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