Air New Zealand trims fair value outlook, shares trade under net tangible assets

By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-23, 19:33.

Air New Zealand (NZAIRE0001S2) draws fresh attention on the NZX today after a data update from Simply Wall St trimmed its modeled fair value, while the carrier’s shares continue to trade at a discount to reported net tangible assets on the domestic market. Simply Wall St analysis on Air New Zealand

What Simply Wall St now models

According to Simply Wall St’s latest update on 2026-06-23, its intrinsic value estimate for Air New Zealand shares has been adjusted from NZ$0.67 to NZ$0.66 per share, citing slightly lower projected revenue growth and profit margins as the key drivers of the downward tweak. Simply Wall St valuation details

The research platform also notes a modest change in discount rate assumptions in its discounted cash flow framework, which feeds through to the updated fair value number for the national flag carrier relative to its current NZX quotation. Simply Wall St methodology commentary

How the shares price on the NZX

On the NZX main board (NZSX), Air New Zealand shares last changed hands at NZ$0.4500, implying a daily move of -1.10 percent with 1,102,315 shares traded and a transaction value of NZ$496,916.97 for the session. NZX instrument data for AIR

The exchange reports a session high of NZ$0.4650 and a low of NZ$0.4450, against an opening print of NZ$0.4550, giving the national carrier a market capitalization of roughly NZ$1.46 billion at the last quoted price on the New Zealand market. NZX equity market overview

Where fundamentals stand today

NZX data for Air New Zealand show a reported net tangible asset backing of NZ$0.520 per share, which currently sits above the NZ$0.4500 last traded price, while the carrier’s gross dividend yield is listed at 2.747 percent on the exchange statistics. NZX fundamental summary for AIR

The same exchange snapshot points to a negative price-earnings ratio of -76.271 with earnings per share at -NZ$0.006, reflecting that the airline is still in a loss-making phase on a trailing earnings basis despite having resumed shareholder distributions.

The business behind the ticker

Air New Zealand generates revenue primarily from scheduled passenger flights and cargo services across domestic New Zealand routes and international destinations in Australia, the Pacific Islands, Asia, North America and other long-haul markets, complemented by ancillary income from loyalty, freight and related travel services. Business description in Simply Wall St profile

Where the shares trade now

The Air New Zealand shares (NZAIRE0001S2) trade on 2026-06-23 at NZ$0.4500 on the NZX main board (NZSX).

Disclaimer: This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any security. All data are based on publicly available sources believed to be reliable but cannot be guaranteed.