Air New Zealand 'Back in Control of the Cockpit' -- Market Talk

Dow Jones

Nov 26, 2024

0002 GMT - Air New Zealand's upbeat investor day and positive first-time 1H earnings guidance prompts Forsyth Barr to junk its bearish call on the stock. Forsyth Barr upgrades Air New Zealand to neutral, from underperform, after the airline's management this week outlined initiatives to boost medium-term performance. Analyst Andy Bowley says the initiatives look credible. "However, it also acknowledged the challenges posed in the airline industry, and that some of the targeted benefits may be competed away," Forsyth Barr says. Air New Zealand expects 1H pretax profits of NZ$120 million-NZ$160 million. That guidance leads to meaningful full-year estimate upgrades, albeit assisted by lower fuel prices and several one-off items, Forsyth Barr says. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

November 25, 2024 19:02 ET (00:02 GMT)

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Forsyth Barr upgrades Air New Zealand to neutral, from underperform, after the airline's management this week outlined initiatives to boost medium-term performance. Analyst Andy Bowley says the initiatives look credible. \"However, it also acknowledged the challenges posed in the airline industry, and that some of the targeted benefits may be competed away,\" Forsyth Barr says. Air New Zealand expects 1H pretax profits of NZ$120 million-NZ$160 million. That guidance leads to meaningful full-year estimate upgrades, albeit assisted by lower fuel prices and several one-off items, Forsyth Barr says. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 25, 2024 19:02 ET (00:02 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Air New Zealand 'Back in Control of the Cockpit' -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAir New Zealand 'Back in Control of the Cockpit' -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-11-26 08:02</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0002 GMT - Air New Zealand's upbeat investor day and positive first-time 1H earnings guidance prompts Forsyth Barr to junk its bearish call on the stock. Forsyth Barr upgrades Air New Zealand to neutral, from underperform, after the airline's management this week outlined initiatives to boost medium-term performance. Analyst Andy Bowley says the initiatives look credible. \"However, it also acknowledged the challenges posed in the airline industry, and that some of the targeted benefits may be competed away,\" Forsyth Barr says. Air New Zealand expects 1H pretax profits of NZ$120 million-NZ$160 million. That guidance leads to meaningful full-year estimate upgrades, albeit assisted by lower fuel prices and several one-off items, Forsyth Barr says. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 25, 2024 19:02 ET (00:02 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AIRI","symbol_name":"Air Industries Group","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2486607840","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2486607840","pubTimestamp":1732579320,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0002 GMT - Air New Zealand's upbeat investor day and positive first-time 1H earnings guidance prompts Forsyth Barr to junk its bearish call on the stock. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"AIRI":"Air Industries Group","T10G.NZ":"S&P/NZX 10","BK7030":"航空公司","AIZ.AU":"AIR NEW ZEALAND LTD","NZ20C.NZ":"S&P/NZX 20","NZ50G.NZ":"S&P/NZX 50","BK4187":"航天航空与国防"},"translate_title":"新西兰航空“重新控制驾驶舱”——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"T10G.NZ":1,"AIRI":1,"NZ20C.NZ":1,"AIZ.AU":0.9,"NZ50G.NZ":1},"content_text":"0002 GMT - Air New Zealand's upbeat investor day and positive first-time 1H earnings guidance prompts Forsyth Barr to junk its bearish call on the stock. Forsyth Barr upgrades Air New Zealand to neutral, from underperform, after the airline's management this week outlined initiatives to boost medium-term performance. Analyst Andy Bowley says the initiatives look credible. \"However, it also acknowledged the challenges posed in the airline industry, and that some of the targeted benefits may be competed away,\" Forsyth Barr says. Air New Zealand expects 1H pretax profits of NZ$120 million-NZ$160 million. That guidance leads to meaningful full-year estimate upgrades, albeit assisted by lower fuel prices and several one-off items, Forsyth Barr says. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 25, 2024 19:02 ET (00:02 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}