poor people who brought the stock for the 6c dividend , lost way more now
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poor people who brought the stock for the 6c dividend , lost way more now
If the tourism is going to drop next year thank God for the farmers.
A leading transport analyst expects domestic air tickets to continue to be discounted over the coming months as Air New Zealand grapples with falling demand.
https://www.1news.co.nz/2023/11/21/a...nd-stays-down/
down 19% since the one off div :scared:
Interesting chart …..US
Some bright spark says the gap could well be the excess deaths reported lately
https://www.bcdtravel.com/blog/bcd-r...in-new-report/
Air travel isn’t recovering consistently around the world. In some cases, demand or capacity haven’t returned to pre-pandemic levels; in others, the initial rebound may have ended, allowing more normal market conditions to resurface. As a result, the factors driving changes to airfares in 2024 will vary by market.
“Over the past two years, airfares have increased significantly,” said Jorge Cruz, executive vice president of Global Sales & Marketing at BCD. “As a result, using savings as a performance measure has been almost impossible for travel buyers. We advise companies to review their travel policies and their travelers’ booking behaviors to lower the overall cost of their travel programs.”
Still looking a bit tough for AIR …..H1 earnings about $200m v $399 last year
Includes that $45m of unclaimed refunds so really only about $150m …..assuming I interpret what they mean by include correctly
http://nzx-prod-s7fsd7f98s.s3-websit...376/409429.pdf
Hmm, not price sensitive because we had a nice wide range :t_up:
And don't dare extrapolate to the 2H which is looking "increasingly challenging". Is Air NZ a leading signal for the NZ economy?
Wonder if these unlikely to be used COVID credit things and going to be like a run off book in insurance. The gift that keeps on giving.
Should still be able to pay a dividend I guess.
Good to see more travel options on offer. Was Slim Pickens last year.
https://www.msn.com/en-nz/travel/new...95eb3917e&ei=9
"Airports on both sides of the Tasman have given the thumbs down to a proposed code share agreement between Air New Zealand and Virgin Australia for trans-Tasman flights." Source businessdesk.co.nz
Willis Airlines and Virgin(underarm bowlers division) are up to their old tricks again.
Single isle jets are like hens teeth at the moment with Boeing having doors blow out and Willis Airlines Airbusses needing engine re bores. Typical of airline executives to not let this crisis go to waste by manipulating competition across the ditch.
Boop boop de do
Marilyn
https://www.nzx.com/announcements/426371
On 13 December 2023, Air New Zealand updated its first half guidance and cautioned against extrapolating that guidance to the second half. The airline expected the second half of the financial year to be increasingly challenging given the ongoing impact of engine maintenance requirements, economic and inflation risks, and early signs of softness in domestic demand.
The upcoming Interim financial result for the six months ended 31 December 2023 will be consistent with that 13 December 2023 guidance.