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- Air New Zealand
Air New Zealand Valuation Multiples
Discover revenue and EBITDA valuation multiples for Air New Zealand and similar public comparables like Allegiant Travel, Norwegian, Philippine Airlines, Garuda Indonesia and more.
Air New Zealand Overview
About Air New Zealand
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.
Founded
1940
HQ

Employees
11.5K
Website
Sectors
Financials (LTM)
EV
$3B
Air New Zealand Financials
Air New Zealand reported last 12-month revenue of $4B and EBITDA of $365M.
In the same LTM period, Air New Zealand generated $365M in EBITDA and had net loss of ($69M).
Revenue (LTM)
Air New Zealand P&L
In the most recent fiscal year, Air New Zealand reported revenue of $4B and EBITDA of $627M.
Air New Zealand expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $4B | XXX | $4B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $3B | XXX | XXX | XXX |
| Gross Margin | — | XXX | 78% | XXX | XXX | XXX |
| EBITDA | $365M | XXX | $627M | XXX | XXX | XXX |
| EBITDA Margin | 9% | XXX | 16% | XXX | XXX | XXX |
| EBIT Margin | (2%) | XXX | 3% | XXX | XXX | XXX |
| Net Profit | ($69M) | XXX | $74M | XXX | XXX | XXX |
| Net Margin | (2%) | XXX | 2% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Air New Zealand Stock Performance
Air New Zealand has current market cap of $2B, and enterprise value of $3B.
Market Cap Evolution
Air New Zealand's stock price is $0.52.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $3B | $2B | -0.0% | XXX | XXX | XXX | $0.02 |
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Start Free TrialAir New Zealand Valuation Multiples
Air New Zealand trades at 0.7x EV/Revenue multiple, and 8.1x EV/EBITDA.
EV / Revenue (LTM)
Air New Zealand Financial Valuation Multiples
As of April 20, 2026, Air New Zealand has market cap of $2B and EV of $3B.
Equity research analysts estimate Air New Zealand's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Air New Zealand has a P/E ratio of (24.4x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV (current) | $3B | XXX | $3B | XXX | XXX | XXX |
| EV/Revenue | 0.7x | XXX | 0.7x | XXX | XXX | XXX |
| EV/EBITDA | 8.1x | XXX | 4.7x | XXX | XXX | XXX |
| EV/EBIT | (30.1x) | XXX | 28.8x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 1.0x | XXX | XXX | XXX |
| P/E | (24.4x) | XXX | 22.6x | XXX | XXX | XXX |
| EV/FCF | (7.1x) | XXX | 7.9x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Air New Zealand Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Air New Zealand Margins & Growth Rates
Air New Zealand's revenue in the last 12 month grew by 5%.
Air New Zealand's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.3M for the same period.
Air New Zealand's rule of 40 is 15% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Air New Zealand's rule of X is 21% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Air New Zealand Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 5% | XXX | 3% | XXX | XXX | XXX |
| EBITDA Margin | 9% | XXX | 16% | XXX | XXX | XXX |
| EBITDA Growth | 34% | XXX | (48%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 15% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 21% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 5% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 25% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 75% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Air New Zealand Public Comps
See public comps and valuation multiples for other Airlines comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Air New Zealand | XXX | XXX | XXX | XXX | XXX | XXX |
| Allegiant Travel | XXX | XXX | XXX | XXX | XXX | XXX |
| Norwegian | XXX | XXX | XXX | XXX | XXX | XXX |
| Philippine Airlines | XXX | XXX | XXX | XXX | XXX | XXX |
| Garuda Indonesia | XXX | XXX | XXX | XXX | XXX | XXX |
| Aegean Airlines | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Air New Zealand M&A Activity
Air New Zealand acquired XXX companies to date.
Last acquisition by Air New Zealand was on XXXXXXXX, XXXXX. Air New Zealand acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Air New Zealand
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAir New Zealand Investment Activity
Air New Zealand invested in XXX companies to date.
Air New Zealand made its latest investment on XXXXXXXX, XXXXX. Air New Zealand invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Air New Zealand
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Air New Zealand
| When was Air New Zealand founded? | Air New Zealand was founded in 1940. |
| Where is Air New Zealand headquartered? | Air New Zealand is headquartered in New Zealand. |
| How many employees does Air New Zealand have? | As of today, Air New Zealand has over 11K employees. |
| Is Air New Zealand publicly listed? | Yes, Air New Zealand is a public company listed on New Zealand Exchange. |
| What is the stock symbol of Air New Zealand? | Air New Zealand trades under AIR ticker. |
| When did Air New Zealand go public? | Air New Zealand went public in 1989. |
| Who are competitors of Air New Zealand? | Air New Zealand main competitors are Allegiant Travel, Norwegian, Philippine Airlines, Garuda Indonesia. |
| What is the current market cap of Air New Zealand? | Air New Zealand's current market cap is $2B. |
| What is the current revenue of Air New Zealand? | Air New Zealand's last 12 months revenue is $4B. |
| What is the current revenue growth of Air New Zealand? | Air New Zealand revenue growth (NTM/LTM) is 5%. |
| What is the current EV/Revenue multiple of Air New Zealand? | Current revenue multiple of Air New Zealand is 0.7x. |
| Is Air New Zealand profitable? | Yes, Air New Zealand is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Air New Zealand? | Air New Zealand's last 12 months EBITDA is $365M. |
| What is Air New Zealand's EBITDA margin? | Air New Zealand's last 12 months EBITDA margin is 9%. |
| What is the current EV/EBITDA multiple of Air New Zealand? | Current EBITDA multiple of Air New Zealand is 8.1x. |
| What is the current FCF of Air New Zealand? | Air New Zealand's last 12 months FCF is ($418M). |
| What is Air New Zealand's FCF margin? | Air New Zealand's last 12 months FCF margin is (10%). |
| What is the current EV/FCF multiple of Air New Zealand? | Current FCF multiple of Air New Zealand is (7.1x). |
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