Makes no sense SP is holding over 1.5!? When NZ is still yet to get hit with Delta or the next variant, which will undoubtedly happen once boarders reopen, it's inevitable. The effects are yet to be experienced here. How on earth is the SP not steadily declining? Let alone the debt AIR NZ is racking up in the mean time. To become profitable, pay off debt, capital raise looming, I am surprised investors aren't selling off heavily already??
Thoughts?