and when is the government going to start disposing of their shares? Chances may be slim but I think its a question of when not if.
Printable View
Nice numbers, almost looking good :p.
You got to feel sorry for the fuel hedging department though, they are busy as with those collars, swaps and puts.
And on a lighter note got an interesting piece of research which managed to confuse Qantas with Air New Zealand, or vice versa. I am convinced some one did it deliberately.
Best Wishes
Paper Tiger
Does anyone know which version of the a320/a321 neo air New Zealand ordered?
Looks like the Pratt & Whitney supplied engines are still causing disruption to airlines who use them
http://m.economictimes.com/industry/...w/60116613.cms
airline sector still in good cycle according to these figs ,in Australasia.
Sydney Airport Traffic Performance July 2017
AIA June 2017 - Monthly Traffic Update
Pratt & Whitney
Source: http://www.utc.com/News/PW/Pages/Air...amily-Air.aspx
Yes...teething problems with new technology engines are not uncommon and it would seem that P & W have worked on resolutions
https://runwaygirlnetwork.com/2016/0...assures-pratt/
From memory I think AIR have pushed their A320 / A321 scheduled deliveries later.
Edit - Yes, see pages 61 and 62 of Investor day briefing https://www.nzx.com/files/attachments/259318.pdf
Says the push of 12 months was for newer interiors but perhaps it could be for the newer version of the engine too ?
Anyway, first NEO A320 not due until July 18 and first NEO powered A321 not due until Sept 18. Hopefully Pratt and Whitney have any further technical issues sorted out before then.
That was last year; one year on the problems persist. https://blogs.crikey.com.au/planetal...new-tech-jets/
Quantas delayed their engine choice and finally settled for the CFM ones.
AIR bonds at 4.0% at the moment (before tax)
AiR dividend yield currently about 8.0% (before tax)
Some would say a 4% equity risk premium for an airline is pretty thin .....hmmm
Interestingly PWC use an overall market risk premium of 7.5%