Air New ZealandASX:AIZ 38 Net Margin % is -1.22% as of Dec. 2025. GuruFocus rates ASX:AIZ with a GF Score™ of 38/100 and a GF Value™ of A$0.52 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,008 Transportation companies, Air New Zealand ranks worse than 81.45% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Air New Zealand's Net Income for the
six
months ended in Dec. 2025 was A$-35 Mil. Air New Zealand's Revenue for the
six
months ended in Dec. 2025 was A$2,857 Mil. Therefore, Air New Zealand's net margin for the quarter that ended in Dec. 2025 was -1.22%.
The historical rank and industry rank for Air New Zealand's Net Margin % or its related term are showing as below:
ASX:AIZ'
s Net Margin % Range Over the Past 10 Years
Min: -21.62 Med: 3.42 Max: 8.85
Current: -0.29
ASX:AIZ's Net Margin % is ranked worse than 81.45% of 1008
companies
in the Transportation industry
Industry Median: 4.98
vs ASX:AIZ: -0.29
Air New Zealand (ASX:AIZ) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Air New Zealand Net Margin % Related Terms
Air New Zealand Net Margin % Historical Data
* Premium members only.
The historical data trend for Air New Zealand's Net Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Airlines subindustry, Air New Zealand's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Air New Zealand Net Margin % vs Transportation Industry
For the Transportation industry and Industrials sector, Air New Zealand's Net Margin % distribution charts can be found below:
* The bar in red indicates where Air New Zealand's Net Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Air New Zealand (ASX:AIZ) has a Net Margin % of -1.22% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on Air New Zealand and its competitors. According to the industry distribution chart, Air New Zealand ranks #821 out of 1008 companies in the Transportation industry, placing it in the top 81.4%.
Is Air New Zealand's Net Margin % too high?
Air New Zealand's current Net Margin % is -1.22%. Based on the distribution chart, Air New Zealand ranks #821 out of 1008 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Air New Zealand has a GF Score™ of 38/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Air New Zealand's Net Margin % compare to DAL and UAL?
According to the Transportation industry distribution chart, Air New Zealand ranks #821 out of 1008 companies for Net Margin %. This places Air New Zealand in the lower half of its industry. The industry median Net Margin % is 4.98. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Transportation company?
The median Net Margin % among Transportation companies is 4.98, based on 1,008 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Air New Zealand and its competitors. For the Transportation industry, the median Net Margin % is 4.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Air New Zealand's current Net Margin % is -1.22%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air New Zealand stock overvalued right now?
Based on GuruFocus' analysis, Air New Zealand (ASX:AIZ) is currently considered Possible Value Trap. The stock's GF Value™ is A$0.52, compared to a current price of A$0.37 — trading 29.8% below its estimated fair value. The current Net Margin % is -1.22%. Air New Zealand's overall GF Score™ is 38/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Air New Zealand (ASX:AIZ), the current Net Margin % is -1.22% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Air New Zealand (ASX:AIZ) Overvalued in 2026?
Based on GuruFocus' analysis, Air New Zealand stock appears to be undervalued.
The current stock price of A$0.37 is trading 29.8% below its estimated GF Value™ of A$0.52.
GuruFocus considers Air New Zealand to be Possible Value Trap.
Key valuation signals for ASX:AIZ:
Net Margin %: -1.22%
GF Value™: A$0.52 vs. price of A$0.37 (29.8% below fair value)
No single metric tells the full story. See the ASX:AIZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
38GF Score
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