this is actually my next major trip.
indeed , Jesse Livermore was right
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Had a chuckle when I read this yesterday. Disc: I used to be a client of Forsyth Barr but stopped listening to their advice over a decade ago.Quote:
Forsyth Barr - Air New Zealand gets an outperform rating. Its structural and balance sheet strengths leave it well placed to weather the storm.
''Our analysis shows that the capacity of Air (NZ's) cuts are deeper than its competitors and historically its responses to black swan events have been rapid and rational."
share price only down 1 cent? Mr Market is being unbelievably kind to AIR (for the first 3 minutes at least!)
Would have thought we'd already be looking at sub $1.80
Give it time. Analysts will drastically adjust their forecasts in the next day or two and the poor unfortunates that can't think for themselves and have to wait to be told will suffer accordingly.
Heck even Forsyth Barr who just upgraded air to Outperform might have to do a very embarrassing about face and downgrade them again.
AIR will lose money after accounting for extraordinary items and costs in 2020...you read it from me first.
Massive reductions in flights are coming. No point in flying with 40% load factors, might as well halve services.
Cheap fuel and their super efficient fleet will be helping the bottom line