Air New Zealand ( (ANZFF) ) just unveiled an update.
Air New Zealand has announced the acquisition of 945,185 ordinary shares as part of its share buy-back program. This move, involving both on-market and off-market transactions, aims to enhance shareholder value by reducing the number of shares in circulation. The buy-back includes shares acquired on the NZX and ASX, as well as from the New Zealand Crown, with all shares set to be cancelled. This strategic financial maneuver is expected to impact the company’s capital structure and potentially improve its stock market performance.
More about Air New Zealand
Air New Zealand Limited operates in the airline industry, providing air travel services primarily in New Zealand and internationally. The company focuses on passenger and cargo transportation, offering flights across a wide network of destinations.
YTD Price Performance: 12.90%
Average Trading Volume: 11,744
Technical Sentiment Signal: Hold
Current Market Cap: $1.13B
Learn more about ANZFF stock on TipRanks’ Stock Analysis page.