Air New Zealand Stock Forecast

Stock Price Forecast

According to 6 analysts polled by S&P Global, Air New Zealand stock has a consensus rating of "Sell" and an average price target of $0.45. The average 1-year stock price forecast is 2.27% higher than the current stock price, while the lowest is $0.35 (-20.45%) and the highest is $0.75 (+70.45%).

Price Target: $0.45 (+2.27%)

Analyst Consensus: Sell

Target	Low	Average	Median	High
Price	$0.35	$0.45	$0.41	$0.75
Change	-20.45%	+2.27%	-6.82%	+70.45%

Analyst Ratings

The average analyst rating for Air New Zealand stock is "Sell". This means that analysts believe this stock is likely to lead to lower returns than market as a whole.

Recommendation Trends

Rating	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	1	0	1	1	1	1
Buy	1	1	0	0	0	0
Hold	0	0	0	1	1	1
Sell	1	1	1	1	1	1
Strong Sell	2	3	3	3	3	3
Total	5	5	5	6	6	6

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Unknown Analyst Macquarie No rating	Macquarie	Sell Maintains n/a	Sell	Maintains	n/a	n/a	May 15, 2026
Grant Lowe Jarden	Jarden	Sell Maintains n/a	Sell	Maintains	n/a	n/a	Mar 10, 2026

Financial Forecast

Revenue This Year

6.90B

from 6.76B

2.15%

from 6.76B

Revenue Next Year

7.29B

from 6.90B

5.62%

from 6.90B

EPS This Year

-0.08

from 0.04

EPS Next Year

-0.03

from -0.08

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Jun 30, 2021	Jun 30, 2022	Jun 30, 2023	Jun 30, 2024	Jun 30, 2025	Jun 30, 2026
Revenue	2.51B	2.73B	6.33B	6.75B	6.76B	6.90B
Revenue Growth	-48.00%	8.71%	131.61%	6.67%	0.04%	2.15%
Gross Profit	685.00M	410.00M	1.97B	1.74B	1.66B	1.19B
Gross Margin	27.25%	15.00%	31.07%	25.70%	24.56%	17.20%
Operating Income	-355.00M	-670.00M	587.00M	228.00M	174.00M	-345.49M
Net Income	-292.00M	-591.00M	412.00M	146.00M	126.00M	-255.48M
EPS	-	-	-	-	0.04	-0.08
Dividend / Share	-	-	-	0.04	0.03	-
Dividend Growth	-	-	-	-	-28.57%	-100.00%
Free Cash Flow	84.75M	819.50M	733.38M	-342.75M	403.63M	-1.26B
No. Analysts	-	-	-	-	-	6

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is NZD.

Revenue Forecast

Revenue	2026	2027	2028
High	7.0B
Avg	6.9B
Low	6.7B

Revenue Growth

Revenue Growth	2026	2027	2028
High	3.7%
Avg	2.1%
Low	-0.5%

EPS Forecast

EPS	2026	2027	2028
High	-0.07
Avg	-0.08
Low	-0.11

EPS Growth

EPS Growth	2026	2027	2028
High	-
Avg	-
Low	-