The national carrier has copped criticism for giving credits rather than cash refunds for cancelled flights.
Shares in the company dropped to 80-cents in late March, before climbing back to one-dollar-94 at close of trading yesterday.
Herald Business Wellington editor Hamish Rutherford says it's thought the recovery is mainly because less serious investors bought smaller amounts of the shares at lower value.
But he says financial analysts says despite what shares are trading at - they're more likely worth a dollar.
