Air New Zealand Ltd

AIZ: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$9.55	Rffc	Bvmmfbs

Air New Zealand Remains Well-Positioned to Participate in the Recovery of Air Travel

Angus Hewitt

Dec 6, 2020

We maintain our NZD 2.00 fair value estimate for shares in Air New Zealand following the transition to a new analyst. Our fair value estimate for the Australian listing lifts to AUD 1.90 from AUD 1.88 due to the improving NZD. Our very high uncertainty and Standard stewardship ratings remain intact.

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