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How to buy Air New New Zealand shares (AIR)

Your simple guide to buying AIR shares on the NZX.

Air New Zealand logo

Air New Zealand is the nation’s flag carrier. The airline operates flights to 20 domestic destinations as well as international destinations in Australia, the Pacific, Asia and North America.

Air New Zealand shares (AIR) are listed on the New Zealand Stock Exchange (NZX) and in Australia. Keep reading to find out how to buy AIR shares on the NZX.

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How to buy shares in Air New Zealand on the New Zealand Exchange

  1. Compare share trading platforms. If you’re a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table. Most importantly, you need to find a share trading platform that allows you to trade on the NZX.
  2. Open and fund your share trading account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Air New Zealand Find the stock by name or ticker symbol: AIR. Research its history to confirm it’s a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Air New Zealand reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimise risk through the market’s ups and downs. You may be able to buy a fractional share of Air New Zealand, depending on your share trading account.
  6. Check in on your investment. Congratulations, you own a part of Air New Zealand. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

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Air New Zealand overview and background

Air New Zealand started life as Tasman Empire Airways Limited (TEAL) in 1940. It was acquired by the NZ government and given its current name in 1965. The company was privatised in 1989 and merged with Ansett in 2000, but its near financial collapse in the ensuing years resulted in an $885 million government bailout. Today, 52% of Air New Zealand ordinary shares are owned by the New Zealand Government.

Prior to the COVID-19 pandemic, Air New Zealand’s network of domestic and international flights moved approximately 17 million passengers per year. The carrier offered over 3,400 flights per week, servicing 20 destinations in New Zealand and a host of destinations in Australia, Canada, the USA, Asia and the Pacific Islands.

Headquartered in Auckland, Air New Zealand also boasted a fleet of over 100 aircraft and more than 12,000 employees around the world.

Performance and company results

Air New Zealand’s 2020 annual results, released in August 2020, revealed a disappointing year following the impact of COVID-19. The company reported a loss of $87 million for the 2020 financial year, with operating revenue down 16% to $4.8 billion. Total network capacity had also declined by 21% compared to the previous year.

But it wasn’t all bad news, with $449 million in cargo revenue representing a 15% increase on the prior year.

Key details

NameAir New Zealand LimitedIndustryAirlines
Ticker symbolAIRISINNZAIRE0001S2
TypeOrdinary sharesDate listed on NZX24 Oct 1989
End of financial yearJuneChief executive officerGreg Foran
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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