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UBS analyst Marcus Curley has upgraded Air New Zealand's stock rating from Sell to Neutral, raising the price target to NZD0.63 from NZD0.52. The airline is expected to benefit from lower jet fuel prices and a strong balance sheet, although challenges such as engine maintenance and aircraft delivery delays may prolong its recovery to pre-COVID capacity levels until FY27. UBS's NPAT estimate for FY27 remains significantly below market consensus, reflecting ongoing operational hurdles.
New Zealand's government faces potential backlash for reversing a ban on offshore fossil fuel exploration, as civil servants warn it could harm the country's climate reputation and anger Pacific nations. The move risks legal challenges related to international climate obligations and could contradict commitments made at COP28. Critics, including Pacific leaders, emphasize the importance of maintaining a strong stance against fossil fuels to ensure regional safety and security amid climate threats.
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ubs upgrades air new zealand rating to neutral with higher price target
12:35 11.02.2025
new zealand faces legal and diplomatic risks over fossil fuel exploration ban reversal
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