Jet fuel approaching US$80 can’t be helping profits
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Jet fuel approaching US$80 can’t be helping profits
ANA who were an early adopters have 100 of these engines and experienced 3 engine failures last year, (3% failure rate). RR are claiming this issue can be managed through maintenance and claimed ANA experienced early failures were due to the number of shorter cycles on the engines. RR and AIR are supposed to have learned something from this YET AIR have just 18 of these engines used predominantly on longer flights and Captain David Morgan confirmed in the print article of the N.Z. Herald on Saturday they had been following RR's technical service bulletins stringently and yet they have had two engine failures (11.1% failure rate). Hmmmm.
You're most welcome mate. PPH being added to the NZX50 this Friday and for what its worth that's where I reinvested my AIR funds.
Just found my Air New Zealand Airpoints card snuggling in the back of a draw with his mates from Qantas & Virgin Oz!
Once is happenstance, twice is coincidence (and thrice is enemy action!).
Even given this Trent 1000 fault, known about for over a year, results in the odd engine occasionally and unexpectedly throwing a wobbly or worse a blade it still seems that AIR have been particularly unlucky having two engines go in two days.
So they join the growing ranks of airlines that have some of their Dreamliners sitting around waiting for better engine bits.
They reckon it is a 3 year program (so 2 to go ?) to fix all these dodgy engines, but where AIR are in the queue I know not.
Best Wishes
Paper Tiger
It has been for quite some time, its all a question of materiality. For example Summerset restricted persons can still trade shares right up to half way through the final month in a quarter even though they have a pretty good idea how the sales will go for that quarter to be released to the stock exchange in the first week or so of the following quarter. The rules are not as black and white as some investors would like to think. FYI I formed my own opinion on the seriousness of the engine issue from a variety of sources and posted that more or less in real time as I was selling. The additional information is from a poster on here and may or may not be reliable and is unsubstantiated. I believe he knows what he's talking about but doesn't want to go on record with it and neither do I. I have invested a lot of time sharing my thoughts on this company over the years and have posted all known information from verifiable sources as quickly as I can. You can't ask more than that from anyone on here. Good luck to holders and I look forward to being a shareholder again when this issue has been de-risked.
http://www.sharechat.co.nz/article/6...r-nz-fallshtml
P.S.My take on the monthly operating stat's. YTD RASK excl FX is up 2.6%.
Last month YTD RASK was up 2.8% which was a nice increase from the month before that at 2.1%.
If I was a holder I would like to have seen ongoing improvement in the YTD RASK to somewhere 3% plus as you'd really want to see this against a backdrop of especially low yields this time last year when ten new entrants were badly affecting yields with their uneconomic opening specials and the much higher prevailing fuel prices this year. I think given this the YTD RASK improvement latest data is a little lower than I would like it to be and clearly the market seems a little underwhelmed today. Sure they have good forward cover on the exchange rate and oil prices for the rest of this year but we're almost half way through the year now and yields haven't materially recovered from the fiercely completive level's prevailing this time last year. That sad the monthly operating stat's are not too bad and I would have remained a holder were it not for other (in my view), more pertinent issues.