AIRRH and then AIRRI
Edit in response to earlier question wondering what air plan is once they run out of money again
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AIRRH and then AIRRI
Edit in response to earlier question wondering what air plan is once they run out of money again
"air plan "
since dassets seems to have some knowledge of planes and things?
what are AIR's options....
https://en.wikipedia.org/wiki/Dassault_Mirage_III#Origins
or
https://en.wikipedia.org/wiki/Concorde
had a terrible accident ...
AIR did that quick flash sale the other day which I thought was just so they can say REVIVE. But I now notice some(maybe across more fares but don't have the desire to burn time) of the business class fares have remained at half of what other airlines are charging for similar routes. So you can still get AKL to LAX business for circa $6T. Here is one very scary possible reason. They get the cash for that sale now. They have learnt to use cash from forward sales in the present. They don't get the cash issue money for a little more than a month, when the new shares are issued. If I was a betting man what odds would I put on these sales are at these discounted levels because they are desperate for the cash right now.
Don’t think so.
They have not fully drawn down the government’s loan facility yet.
• Liquidity of $1.4 billion as at 23 February 2022, made up of approximately $170 million of cash and $1.24 billion of available funds under the remaining Crown Facility and Redeemable Shares
Good point Balance. However so sure on the status of those agreements and access to cash. I would have said 100% that the new agreements that form the capital raise will have replaced those older ones. There will be provisions on the switch-over but who knows what those are. What are the other reason you sell product for 50% of your competitors?
Plus since then it had to pay for its PAYE final catch up payment, so that is the cash gone. Then the fuel price has gone up what?
A good dose of the current 'watch the Share price dive' is bound to ensure no laxatives are needed ;)
A major instalment of red ink delivered with more for the taking or the ever distant optimism of she'll bounce back
to be a multibagger in 15 years time - wonder which they'll opt in for ? ;)
"wonder which they'll opt in for ?"
they will go all in... nothing to lose!! Bargain!!!
well china is now closed .. plus some other country's and the middle east a bit if 'e and no one really wanting to cruise the Baltic and i usually do ! Invites for bears coming on upon return (not a bear drinker but this time will be)...
You would be surprised at the number of Aussie that used to cruise europe every year... LOTS!
Then there were the Kiwis cruising the Greek Islands..
It all adds up and it wont be adding up to quite the same numbers this time around.
Whole population of China now out of the travel business.. all locked up with MOA'S new republished works to study over the rice bowls...
Dont see AIR line profits returning to Pre C levels any year soon even if the air lines say other wise.
I looked up AKL-LAX return business class couple month ago and it was selling for about $11,600!