That sounds like a good strategy
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Our man Chris’s concern about current trading has hit Qantas shares as well
There is always the risk that continuing to cut costs comes back to eventually bite you in the a r s e. Especially in the airline business
Bugger, this has been letting out air (pun) since the double top Sept 2017, now it gaps down on a crap forecast just before the golden cross which won't happen anytime soon now, so we have to wait and see where it lands. It can be a long time between drinks (buy in) with AIR. Patience I tell myself, patience.
Average salary is over $110K. What we need is a good old fashioned wage freeze for 3 years like Joyce did with Qantas for everyone over the average salary of $110K. Was at a party on Saturday and two people I knew there from years gone by work for AIR in a fairly senior capacity...honestly their "entitlement attitude" really made quite an impression. The number of people at AIR on more than $300K per annum is really eye watering to be quite frank about it.
Maybe somewhere near the 2.60 it was in November ?
well, in 1996 it was $20 .. look at it now. Some things get better with time , and , well some things just don,t. ( maybe there was a share split, i dont know ) but the chart gives me the shivers... .imagine if that was your kiwisaver !
Disappointing update but was holding for div so not that upset SP probably near bottom.
Wonder what percentage of shares remain in NZ holders control.
GS update NZ$2.85