Air New Zealand ( (ANZFF) ) has shared an announcement.
Air New Zealand has announced the acquisition of 631,912 ordinary shares as part of its share buy-back program, with 309,588 shares acquired on-market through NZX and ASX, and 322,324 shares acquired off-market from the New Zealand Crown. This strategic move, approved by the board, aims to enhance shareholder value by reducing the number of shares in circulation, thereby potentially increasing earnings per share and strengthening the company’s market position.
More about Air New Zealand
Air New Zealand Limited is a major airline operating in the transportation industry, primarily offering passenger and cargo air services. The company is listed on the New Zealand Stock Exchange (NZX) and the Australian Securities Exchange (ASX), focusing on both domestic and international markets.
YTD Price Performance: 4.84%
Average Trading Volume: 10,226
Technical Sentiment Signal: Strong Buy
Current Market Cap: $1.15B
For a thorough assessment of ANZFF stock, go to TipRanks’ Stock Analysis page.