Air New Zealand Ltd
AIZ: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$2.62 | Jjdbg | Djybzfqp |
Competition Is Weighing on Air New Zealand's Record Profitability
Business Strategy and Outlook
The COVID-19 pandemic has wreaked havoc on the global airline industry. Lockdowns, border restrictions, and social distancing measures have clipped Air New Zealand's wings. Stringent New Zealand entry requirements for international arrivals have decimated passenger revenue, and despite aggressive cost cuts, operating deleverage lead to significant aftertax losses in fiscal 2022.