http://www.reuters.com/finance/stock...?symbol=AIR.NZ
According to the average of 7 analysts Air will earn 23.33 cps after tax in 2015.
Taking into account buying now at $1.91 is cum an estimated 7 cps final dividend, (my estimate), effectivly people are paying ~ $1.84 or only 7.8 times 2014/5 year's earnings...this for a company with growth and expansion plans and a fleet of new 787-9 dreamliners coming that were acquired on extremly favourable terms with Air as a launch customer...go figure.
I think its time for the company to consider buying back its own shares.