Air New Zealand ends share buyback program early

Air New Zealand Limited will cancel its on-market share buyback program on Tuesday, 25 November 2025, ahead of its scheduled 12-month period. The program, which commenced in March 2025, had initially planned for repurchases of up to NZ$100 million.

To date, the company has acquired approximately 133 million shares through the buyback, representing an aggregate consideration of $80 million. The buyback was designed to return surplus capital to shareholders while supporting the airline's operational, growth, and liquidity needs.

The decision to conclude the program stems from the airline's expectation to be within its liquidity target range, as outlined in its Capital Management Framework, by the end of the 2026 financial year. Consequently, no further share purchases will be made under the current program. Air New Zealand affirmed its commitment to continued capital management in line with its framework, preserving flexibility for future opportunities.