Now that Preachy Luxon is gone they can bring back the pink flights
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Air NZ used to tell their staff that they do these sort of things to get free promo 'cos they can't afford to spend big on ad like the big boys, and if you follow them on Linkedin you'll read nothing but good news on the newly launched route and everyone celebrating the end of the lock down.
If I didn't know better I'd think a big dividend is coming.:p
I guess at 6% and pseudo govt guarantee some will find the bond offer attractive
lol
Im up 17% in 3 months ,buying small amounts as it rises, nice to be winning for a change:eek2:
I wish... I'm about 20% down.
any chartists out there want to predict the 50 crossing the 200 ????
This group taking Z Energy tpo Commerce Commision for a bit of greenwashing
Probably getting a case against Air NZ as next target - wasn't that recent Sustainability Report from AIR something to behold
https://www.lawyersforclimateaction....r-greenwashing
The market has been liking AIR for a while now. Good to see it getting closer to where the punters who took up the cash issue will end up square.
I here that Virgin Australia are now flying the Tasman again, but only into & outof Queenstown. :confused:
Like your new airplane:
https://static1.simpleflyingimages.c...640&h=&dpr=1.5
SimpleFlying.com
More Govt help for cargo ……$168 million subsidy
Incredible
Shareholders should be rejoicing
but wait there's a Fuel problem
https://www.nzherald.co.nz/business/...E2NGHTFTWSR64/
Pilots say jet fuel rationing is an issue the industry doesn’t need
(Premium content)
and no local Oil Refinery to fix things in a hurry now on a fuel clean up
Surely harnessing all the excess emissions off Wellington's Labour Politician's
copious quantities of bureaucratic BS couldn't save the day ? ;)
there has to be a better means of re-purposing some of the useless blind
and clueless talent that Wellington has been inflicted with :)
https://www.nzx.com/announcements/403747
Continued strong travel demand across the domestic and international networks, as well as a recent decline in jet fuel prices has accelerated the airline’s financial recovery. As a result, Air New Zealand is today upgrading half year earnings guidance for the 2023 financial year.
The airline now expects earnings before other significant items and taxation for the first half of the financial year to be in the range of $295 million to $325 million. This compares to the previous guidance range provided on 21 September 2022 of $200 million to $275 million for the half year. The updated range is based on current forward sales expectations and assumes an average jet fuel price of around US $127/bbl for the six months to 31 December 2022. It also assumes we will fly approximately 75 percent of pre-Covid capacity levels across the entire network in December, with Domestic running at just under 100 percent, short haul at about 85 percent and international at around 70 percent.
Ticket sales over the past two months have remained strong as New Zealanders continue to book travel overseas and at home, and as the majority of our remaining international destinations re-open for passenger travel.
Fuel prices have also moderated in recent weeks, with current jet fuel prices of approximately US$102/bbl. While fuel prices are around 20 percent higher than pre-Covid levels at present, the six-month average has declined since the airline’s last market update in September, adding almost $20 million upside to the guidance range. Whilst fuel is a contributor to this earnings update, it is not the only factor.
Capacity remains constrained which will continue to impact pricing. Air New Zealand is focussed on ensuring operational reliability while also adding capacity to alleviate this pressure. Since February 2022 the airline has hired over 2,200 employees into the organisation and welcomed two new A321 neo aircraft into the fleet. These new aircraft add an additional 200,000 seats per year into the domestic network and alongside the additional employees, will help ease capacity restraints.
There are many factors that have the potential to slow the airline’s recovery and significantly impact earnings. These include ongoing fuel price volatility, global recessionary risks, continued inflationary pressures and increased costs. Consequently, the airline is not providing full year guidance at this time.
Ends.
Today's update from Air NZ bodes well for the likes of AIA, THL, SKO and GTK being associated with wider travel, leisure and airport sector in some form.