Incredibly slow and boring market today, this stock is currently in sleep mode like SUM others awaiting a poke with a big stick.
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I am thinking about some more again.... Have a bit more confidence in a good interim result and update and think the drop of late is purely a TA response following the charts and should have thought harder about selling mid 2.20s....
Wondering what the strategy/reasoning is behind AIR pulling out of the "Commercial partnership that supposedly made it easier to put people on each others planes" ?
Workingdad, not my place to say but personally I advise patience... outcomes may be chaotic for a while. Seems the Trumped-effect is spreading and what he sees as good for his bowl of warm milk, may in fact be turned to curdled sludge by external factors.
Arc, they were providing cheap domestic seats to their opposition with that agreement, they don't need to do that, any punters Qatar bring here will still by and large have to use Air to travel around NZ anyway, except for the ones that choose to fly Jetcrap on the limited routes it provides.
http://www.4-traders.com/AIR-NEW-ZEA...eace-23837316/
Much ado about very little. AIR and their shareholders did okay by taking a hardline commercial approach with Virgin. I suspect if Qatar are getting catty over this its them that's on the losing end of this change to the airlines commercial arrangement.
Naturally....
Mention of US airline lobbying the other day so will link to an update for anyone interested...
http://www.northjersey.com/story/tra...ouse/97652976/
That much touted Singapore - Canberra - Wellington won't be worrying AIR too much
Reckon 25% full on Canberra - Wellington leg
http://australianaviation.com.au/201...form=hootsuite
25%, depending on passenger mix would barely cover the fuel costs let alone crew, landing fees e.t.c.. It will be interesting to see how long Singapore last with this service into N.Z.
It would be a real blow to Infratil's runway expansion plans if another airline pulled out of international routes ex Wellington wouldn't it !
Hubbing international flights from Chch and AKL only as AIR suggests is the only way to go...seems like they have this bang on the money.