Guess we need to start worrying when AIR start auctioning off one of the wings or wheels
off the next flight due out to help pay for the return flight .. or offer special scenic parachute
exits to save paying landing fees at the other end ;)
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Guess we need to start worrying when AIR start auctioning off one of the wings or wheels
off the next flight due out to help pay for the return flight .. or offer special scenic parachute
exits to save paying landing fees at the other end ;)
From BusinessDesk
Investors can’t be blamed for wondering why there are underlying differences of view between the board and its controlling shareholder regarding when more capital is put into Air NZ.
(Discl. Short)
There seems to be such a strong support keeping SP above 1.4. Will the large base of retail investors who have the, 'AIR NZ will surely rebound attitude', be enough to stop the SP from dropping down to levels some on this forum are suggesting.
The retail investors now do seem to have quite an influence on the sharemarket. If this wasn't evident the SP should be continually down trending currently and not rallying back up above 1.4. Especially when NZ is now back in lockdown. Delta bad across the globe, cases rising, air travel and tourism getting beaten up ... yet the SP holds support above 1.4??
Paywalled - https://www.nzherald.co.nz/business/...L7XVZJ3Y36DUM/
Looks very grim.
Yikes they'll be asking me to fly the planes soon when they're forced to reduce expenses
we are supporting the development and deployment of electric, hybrid and hydrogen aircraft for domestic use.
and losing billions.
disc short.
Loss $440m yet only 50% down from its high...
Market is crazy!
Given uncertainty surrounding the current national lockdown,
ongoing international travel restrictions and uncertainty regarding
the level of demand as these restrictions lift, Air New Zealand has
suspended 2022 earnings guidance
http://nzx-prod-s7fsd7f98s.s3-websit...956/353176.pdf
Previous indicative guidance was for a FY22 loss of about another $450m...likely to be north of $600m now in my opinion.
Who in their right mind would commit fresh capital to this train wreck ?
All slide rights to future aircraft purchases have been used. I read this as they are already exercising every right they have to defer every new aircraft on order for as long as possible but I also note that this leads them into significant capex spend in the years ahead (e.g. ~ $500m in FY24) with no visibility on how demand might recover.
If this company was to be allowed to slide into receivership I would think that would allow them to walk away from billions of dollars in capex spend for aircraft they clearly don't need. Why should taxpayers be making what ostensibly may amount to philanthropic donations to Boeing ?
Qantas reported a 2.3 billion pre-tax loss
"slide into receivership"
alright then its got the moniker as the most dangerous stock today...
But seriously would the government allow this?
I best look at ways to cash up my Airpoints before they become vapor. I assume these are a large liability for AirNZ also at the moment
Still $1B of equity, assuming those airframes,engines & simulators are valued right.
its going to stay listed unless nationalised... what's an extra few billion on the RBNZ...