Air New Zealand Limited (ASX:AIZ) is the flagship airline of New Zealand and carries around 17 million passengers a year with a lot of activity in the Pacific Rim between New Zealand, Australia, Asia and the Americas. Air New Zealand’s consolidated operating revenue was $5.5 billion in the 2018 financial year, generated by a fleet of over 100 aircraft and over 12,500 employees based globally.
Owners of Qantas Airways Limited (ASX:QAN) shares may be able to gain insights from the recent Air New Zealand Limited (ASX: AIZ) update.
Here’s today’s The Match Out report from Market Matters’ James Gerrish. Key point: the S&P/ASX 200 (INDEXASX: XJO) finished up +0.31% to 7,257.80.
Pro Medicus Limited (ASX: PME) was a standout, adding 12.4%. The radiology imaging technology firm announced another $140 million ten year contract in the US as the business continues to scale quickly.
The Air New Zealand Limited (ASX:AIZ) share price is down after it released updates on the financial impact of COVID.
The S&P/ASX 200 (ASX: XJO) price is trading higher today. Boosting the ASX 200 is the Afterpay Ltd (ASX:APT) share price and QANT shares.
The share prices of Qantas Airways Limited (ASX:QAN), Flight Centre Travel Group Ltd (ASX:FLT) and Webjet Limited (ASX:WEB) could all go higher thanks to New Zealand.
The Serko Ltd (ASX: SKO) and Air New Zealand Ltd (ASX: AIZ) share prices are going nuts today, rising 12.5% and 17%, respectively.
Qantas Airways Limited (ASX:QAN) shares, Air New Zealand Limited (ASX:AIZ) shares and Virgin Australia Holdings Ltd (ASX:VAH) shares led the ASX 200 lower on Friday.
The All Ordinaries (ASX: XAO) was trading 2.1% lower on Monday, with shares of Fortescue Metals Group Limited (ASX:FMG), Thorn Group Ltd (ASX:TGA) and Air New Zealand Limited (ASX:AIZ) moving the Australian share market.
