Good. He can buy mine. In fact, he can have them for what I paid for them.
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I can't see how they would be making any money with all these flight disruptions and having to put people up in Hotels overnight.
International travel still looks to be problematic .....No prospect of a dividend for years , there has to be something better to invest in .
DISC: No position held either long or short.
Hadn't looked at their Operating Stats for a while
June report makes miserable reading
Surprised that domestically passenger numbers for full year are down 16% on last year and 40% lower than in 2019. Thats a huge drop, like close to 5 million less passengers
Only redeeming factor is RASK is up 29% from 2019 - fares a lot higher - making it expensive to fly these days
http://nzx-prod-s7fsd7f98s.s3-websit...574/376058.pdf
What a bizarre and backwards looking way to read the report :confused:
June passenger numbers were up 18% overall and passenger revenue kms up even more at 33%. Most importantly overall load factor is 87.7%, the highest I have seen it in 20 years of watching off and on.
In June Air NZ was still scaling back up. The unsustainably high load factor shows they failed to do this fast enough especially across the Tasman and to the US.
Remember NZ only stopped breaking the law and let back in our own people a few months ago and many families were still blocked from re-uniting until a few days ago. Pre-flight tests were also still required in June. Still loads of pent up demand.
The money maker LAX route increasing to 17x weekly from Aug 15 shows the direction of travel.
Share price firming nicely on reasonable volume. Looking for more traction leading up to the results in a couple of weeks then back to book-build price and beyond.
Disc: Hold a lot so I’m biased.
No company has as much operating leverage as an airline. We've seen the impact of it working in reverse. It kills the business almost overnight if passenger numbers fall. But, now we are seeing the operating leverage across both short and long haul working in the right direction. As long as China doesn't do anything silly with Taiwan, AIR will be making profits across it's network.
By my calculations ( subject to error) since 17 May CEO Greg Foran has bought 4,128,000 shares at a cost of $2,503,252.
Highest price paid was 69.4c and lowest 55.9c with an overall average price of 60.64c
With Friday’s closing price of 67 cents, so far he has made a profit of $262,540 in less than 3 months - just over 10%.
Not bad for a company that he knows is just getting started.