You mean like qantas just did? :cool:
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Thanks for letting us know that. Interestingly I crunched the numbers on an after tax basis for QAN at the mid point of their forecast and AIR at $500m less full N.Z. tax and on today's closing prices they're on identical FY17 PE's of 8.33. I think there is a chance of an AIR upgrade and have thought for quite some time now their official guidance issued in February 17 was very conservative.
There won't be any further upgrade between now and the full year report. At the investor presentation the other day they narrowed their guidance range for the year to between 475-525 mill, remember former guidance range was between 400-600mil so they have just given the market an update hence the share price increase yesterday. They would have to be certain of topping 600 mill to issue any further guidance.
From interim announcement February 2017
"Based on the current market environment and expectations for the average jet fuel price in the second half of the year of US$65 per barrel, the airline is targeting 2017 earnings before taxation to be in the range of $475 to $525 million."
So the investor presentation doesn't represent an update, just restatemet of previous outlook. Maybe an update to come, maybe not...