Air New Zealand Limited ( (ANZFF) ) has issued an announcement.
Air New Zealand Limited has announced the acquisition of 635,442 ordinary shares as part of its share buy-back program. This move, involving both on-market and off-market transactions, is aimed at optimizing the company’s capital structure and enhancing shareholder value. The shares acquired will be canceled, reducing the total number of shares outstanding, which may positively impact the company’s earnings per share and market perception.
More about Air New Zealand Limited
Air New Zealand Limited operates in the airline industry, providing air transport services both domestically and internationally. The company focuses on delivering passenger and cargo services, leveraging its strategic position in the Australasian market.
YTD Price Performance: 2.90%
Average Trading Volume: 12,313
Technical Sentiment Signal: Buy
Current Market Cap: $1.2B
See more data about ANZFF stock on TipRanks’ Stock Analysis page.