probably be picking up something out of ferry issues unreliability would they ? ;)
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This should be a bit of a guide....
https://www.indexmundi.com/commoditi...0¤cy=nzd
AIR NZ myster $0.5-0.55 price range.
2000 tech bubble, AIR first reached this bottom, then Feb 09 (financial crisis), Sep 2012, Mar 2020 (Covid), June/July 2022, and Junly 2024. The price bottom never been went through, every time AIR touches it, then bounce back or went up for a boom.
Now its PE = 5.71 and Dividend Yield unknown yet. It had 6 cents per share in 2023, and 2 cents for the interim 2024. Not sure for the final.
It stopped dividend during 2020- 2022 due to covid, we cannot be worst than covid period, it backs to the track pre covid. So the SP undervalued ?
Attachment 15192
https://www.bbc.com/news/articles/cj50d6q3jlro - profits drop for Ryan Air. Airlines continue to struggle.
Looks like Air NZ got off lightly from the Crowdstrike failure? Anyone know if they use it?
Jetstar, Delta and other US airlines not so much.
It is back to normal and the SP should not be a problem just matter of time. - Long term
The good news is the interest rate going to be cut soon. - Medium term
The index will keep uptrend, NZX50 needs some blue chips to lead, AIR NZ 100% for sure will go up for a while. - Short term
Well they come out with the bleeding obvious statement today, anyone with half a brain could have told them that a year ago it would not work..
https://api.nzx.com/public/announcem...300-423615.pdf
Qantas's Competition & Aussie Regional Routes provider REX crash lands in the Administrators Yard over the ditch
A repeat of the trail of past small operators crashes under way with a shake up for regional Oz services
https://hotcopper.com.au/asx/rex/
Probably flow on effect into NZ Air Travel
https://www.abc.net.au/news/2024-07-...woes/104161424
Politicians point finger at Qantas over regional carrier Rex Airlines' troubles
https://www.news.com.au/travel/trave...d1e55b8c440e22
Australia’s third largest airline enters voluntary administration