yea it was a successful rights issue even the ones who brought heads at the last minute did well
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yea it was a successful rights issue even the ones who brought heads at the last minute did well
Certainly lack of seats and options AKL - LAX, either way…AIR not in a position to maximise revenue currently??
Well said. I think the market is presently extremely bullish on the reopening and travel prospects but AIR's balance sheet is not going to be in fabulous shape when they report in August even after this recapitalization and of course there's now 3.3 Billion shares so any future earnings when they finally do happen are going to look super weak on an earnings per share basis, even if another refueling isn't required, (and I think its likely they will need another one). I'm staying well away.
AKL/CHC - SIN too, not many flights scheduled and for many of those there's no economy seats available at all. This on a route that the AIR/SIN alliance used to have 4x daily flights to NZ. Prices 2-3x pre-pandemic levels too.
Trans Tasman demand far outstripping supply too.
Begs the question, what is Air NZ doing? They have plenty of planes and crew, why are they not in the air or at least in the schedule?
Maybe they been listening to the doom merchants here..
Pressure now on the NZ government to remove pre-departure testing as more pragmatic countries did long ago. Especially necessary considering the outrageous prices charged for testing in our monopoly riddled plague islands.
Once it goes, demand will be a true tidal wave.
Totally agree, no seats, or ridiculous prices. Add more planes
I haven't seen what I got in the shareholder shortfall allocation from the company as yet, but I got 100% of what I bid for via the broker pool. This is counter to what the company said today but I am waiting to see if scaling happened in the shareholder pool. BTW , I haven't lost my mind and am going long, I am only covering my short!! I would have thought most who had shorted have covered. Can't see who will buy going forward.