Only problem being you are code sharing with a cash strapped airline . I always worry about maintenance etc with airlines that are struggling financially .Much prefer just to be on AIR.NZ
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Only problem being you are code sharing with a cash strapped airline . I always worry about maintenance etc with airlines that are struggling financially .Much prefer just to be on AIR.NZ
Wonder if Christopher did some deep thinking over the holidays and decided that for Air New Zealand to take that next step it's time to pivot.
I'll be reading his presentations closely to see how often he uses the word pivot in 2017
A year ago when AIR share price was hovering around 300 Luxon's halo shone brightly
He then disappointed a few and some said his halo was pretty tarnished
Current view - halo all bright and shining again?
Been in the job for a while now - I reckon he looking around for another job. Should have taken that Fonterra job a year ago.
Just noticed that analyst confidence keeps dropping: They sliced another percentage or so off the estimated revenue for the years to come, and a bit more off the EPS estimates. 12 month target price is now $2.09 (the trend is not a pretty sight), recommendation a weak hold (4.58 out of 10);
http://www.4-traders.com/AIR-NEW-ZEA...407/consensus/
SP scratched a fast dropping MA200 - is this what an uptrend looks like?
Attachment 8659
Been in an uptrend for the last 4 months or so from ~ $1.70 and still clearly above the 100 day MA - no worries.
Well I always said AIR are well to get shot of Virgin and getting their stake away at ~ A31 cents wasn't too shabby in the circumstances. AIR will book a reasonable profit on disposal in the current half to be reported soon on their remaining stake which if I remember correctly was written down to about 21 cents as at balance date 30 June, which they also subsequently sold for ~ A31 cents.
Both good results for the sale when the SP at the time was languishing in the low - mid 20 cent range and with the benefit of more hindsight a satisfactory result with Virgin hitting all time lows today of 19.5 cents and looks to be headed even lower.
Various posters who I shall not name suggested Chris Luxon was a hot head and were crazy to sell their stake, one or two posters even suggested VAH with its still extremely stretched balance sheet was a better bet than AIR going forward.
I think the passage of time has shown Chris Luxon took the bull by the horns and did extremely well to extricate the company from Virgin at a satisfactory price and sweep the floor clean of previous management's flawed Australian expansion strategy.
In addition I note AIR paid out the full proceeds of the sale as a special divvy last year. I for one am very pleased as a shareholder this money is in my pocket rather than still invested in Virgin. I suspect the Government feels exactly the same way.
Yep American Airlines are absolutely terrified of sand state airlines. Offering Americans flights in modern clean planes at reasonable prices would cause a stampede of customers.
A sort of Mexican stand-off has devloped with sand state airlines well aware the American airlines own the best congressmen that money can buy. So far they have limited their routes to and from the US to ones the American carriers don't fly to avoid provoking a reaction.
It will only take someone to flinch before undertakers start carrying airlines up Boot Hill for burial.
Boop boop de do
Marilyn
Looks like a bit of a down trend here. Looking forward to results day.