Air New Zealand (OTC:ANZFF) Stock, Quote.Headers.trade-ideas

Air New Zealand, majority owned by the New Zealand government, provides air passenger and cargo transport services within New Zealand as well as to and from Australia, the Southwest Pacific, Asia, North America, the United Kingdom, and South America. Air New Zealand also encompasses business units providing engineering and ground handling services. Air New Zealand dominates the local market with around 80% share, although the majority of revenue is derived from international and trans-Tasman activity.

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Airlines Depend On Hedging, Fuel Surcharges As Oil Surges: Report

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AIR NEW ZEALAND A SHS by Air New Zealand Ltd.

Air New Zealand Ltd

<ul>
<li>Amid Russia&#39;s invasion of Ukraine, the oil price has surged to its highest level since 2008. This oil price increase comes as many carriers are forced to fly longer routings to avoid Russian and Ukrainian airspace,&nbsp;<a class="editor-rtfLink" href="https://www.reuters.com/business/aerospace-defense/airlines-use-hedging-fuel-surcharges-offset-some-pain-oil-surges-2022-03-07/" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">reported Reuters</a>.</li>
<li>The price surge is another addition to airline costs when the carriers have already struggled to recover from a pandemic-related dip in demand.</li>
<li>On Saturday, Malaysia&#39;s AirAsia,&nbsp;Capital A Berhad&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/aiabf#OTC">AIABF</a>), introduced fuel surcharges on tickets for the first time since 2015.</li>
<li>Chinese airlines also raised fuel surcharges on domestic routes, its aviation regulator said, while Emirates,&nbsp;Japan Airlines&nbsp;Co Ltd&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/japsy#OTC">JAPSY</a>), and&nbsp;ANA Holdings Inc&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/alnpy#OTC">ALNPY</a>) raised their surcharges recently, the report added.&nbsp;</li>
<li>Some carriers are fully unhedged, like&nbsp;Wizz Air&nbsp;Holdings PLC&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/wzzaf#OTC">WZZAF</a>)) and U.S. majors&nbsp;United Airlines Holdings Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ual#NASDAQ">UAL</a>),&nbsp;American Airlines Group Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aal#NASDAQ">AAL</a>), and&nbsp;Delta Air Lines Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dal#NYSE">DAL</a>), though the latter owns an oil refinery, the report noted.</li>
<li>Others have oil hedges that will help offset portions of the price increase, like&nbsp;Air France-KLM&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/afraf#OTC">AFRAF</a>), which has hedged 72% of oil consumption for the first quarter and 63% for the second quarter at $90 a barrel.</li>
<li>Air New Zealand&nbsp;Ltd&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/anzff#OTC">ANZFF</a>) has hedged 1.34 million barrels of oil in the current half ending June 30 and 707,500 barrels in the following half-year period. The carrier also raised international fares by about 5%, citing rising oil prices and general cost inflation.</li>
<li>Cathay Pacific Airways&nbsp;Ltd&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/cpcay#OTC">CPCAY</a>) hedged more than 60% of its expected first-quarter consumption and about half of its second-quarter consumption.</li>
<li>EasyJet PLC&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/esyjy#OTC">ESYJY</a>) airline 60% hedged for fuel in the financial year ending on September 30 at around $504 per metric tonne.</li>
<li>Deutsche Lufthansa AG&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/dlaky#OTC">DLAKY</a>) is 63% hedged in 2022 at a break-even price of $74 a barrel.</li>
<li>Qantas Airways&nbsp;Ltd&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/qabsy#OTC">QABSY</a>) has more than 90% of its fuel hedged in the current half and has a lower level of hedges in place for the following half-year period.</li>
<li>Ryanair Holdings plc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ryaay#NASDAQ">RYAAY</a>) is 80% hedged on fuel out to 2023. However, rising prices will still cost the airline group around 50 million euros ($54.22 million) over the next 12 months, the reported quoted CEO Michael O&#39;Leary.</li>
<li>Singapore Airlines&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/singy#OTC">SINGY</a>) has hedged 30% of its oil needs at an average Brent price of $57 a barrel for the six months ending March 31. It had also hedged 40% of its needs at an average price of $60 for the following five quarters.</li>
<li>Price Action:&nbsp;UAL shares are trading lower by 3.54% at $35.41, AAL lower by 3.08% at $14.14, DAL lower by 3.22% at $33.41, and RYAAY lower by 3.96% at $83.32 during the premarket session on Monday.</li>
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Air New Zealand (OTC: <a class="ticker" href="/stock/anzff#OTC">ANZFF</a>) reported a rise in its profit in the six months to Dec. 31.

Air New Zealand's net profit for the period surged to 100 million New Zealand dollars (US$83 million), versus NZ$38 million, in the year-ago period. 

Air New Zealand's normalized earnings before taxation rose to NZ$139 million, from NZ$33 million.

Earnings

Air New Zealand Posts Surge In Profit

Air New Zealand Ltd (OTC: ANZFF) reported a 2.7% y/y rise in passengers count in August. 

Air New Zealand carried 1,005,000 passengers in August. Its revenue passenger kilometers dropped 2.8% y/y, while capacity declined 2.8% on the year.

Air New Zealand Reports 2.7% Rise In August Passenger Count

Air New Zealand Limited (ANZFF) has released an update. Air New Zealand has released an amended investor update for June 2024, correcting the omiss...

Air New Zealand Amends June Investor Update

Air New Zealand Limited (ANZFF) has released an update. Air New Zealand Limited reported a reduction in group capacity by 8% in July 2024 compared ...

Air New Zealand Faces Capacity Cut and Mixed RASK

Air New Zealand Limited (ANZFF) has released an update. Air New Zealand Limited has announced a decrease in their annual pre-tax earnings to $222 m...

Air New Zealand Faces Financial Headwinds in 2024

Air New Zealand Limited 2024 Q4 - Results - Earnings Call Presentation

Air New Zealand Limited (ANZFF) has released an update. Air New Zealand Limited has announced a new dividend distribution for shareholders at NZD 0...

Air New Zealand Declares New Dividend

Air New Zealand Limited (ANZFF) Q4 2024 Earnings Call Transcript

Air New Zealand reports FY results

Air New Zealand Limited (ANZFF) has released an update. Air New Zealand Limited has issued a correction to its previously released NZX Distribution...

Air New Zealand Corrects Dividend Tax Rate

Air New Zealand Limited (ANZFF) has released an update. Air New Zealand has announced its Annual Shareholders' Meeting for 2024, scheduled for Sept...

Air New Zealand Sets Date for 2024 Shareholders' Meeting

Jarden analyst Grant Lowe maintained a Hold rating on Air New Zealand Limited (ANZFF – Research Report) on September 6. The company's shares closed...

Jarden Reaffirms Their Hold Rating on Air New Zealand Limited (ANZFF)

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Air New Zealand (ANZFF) Forecast

Air New Zealand (OTC:ANZFF) Stock, Quote.Headers.trade-ideas