At $28m/seaglider, surely not low cost fares?
https://www.stuff.co.nz/travel/green...to-new-zealand
Looks exciting though, game changer?
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At $28m/seaglider, surely not low cost fares?
https://www.stuff.co.nz/travel/green...to-new-zealand
Looks exciting though, game changer?
"New Zealand-based Ocean Flyer has put down a $1 million initial deposit for 25 aircraft, an order which will eventually cost around $700 million."
28mill each...the small ones only seat 12.
lol
Gee .. looks like the AIR's deflating out of the sails of Robbo's "Covid Air" ? ;)
What's going on ? :)
No comments on this thread for a few days.
I see the CEO recently spent a million bucks buying shares at around 68c.
I’m buying at these levels for the longer term. A cyclical stock that has always provided good returns when bought and sold at the right time.
Share price may not have bottomed out but IMO it’s close enough.
Yes airlines are cyclical but I think you are too soon.
I reckon the full effect of the lock down has yet to show up in Robertson Airlines results.
Further the world economy is about to suffer from deflation, where costs go up but incomes stay the same. Hardly a situation where punters are likely to splash out on discretionary spending such as overseas travel.
I would wait.
Boop boop de do
Marilyn
Anyone seen a spare bicycle pump laying around ? :)
Maybe the Dangerous Goods Outfit can spare a hot air blower to help out ? ;)
Hard to know. More likely to see SP retreat back to CR as we have often seen historically. Before then being able to form a true lower end trough and rally up off that base. Many headwinds still ahead for Air for sure. Just look how rapidly airline flights are going up. As was to be expected. However the challenge will be attracting people to resume international flights at high volumes with the elevated cost of travel, and higher living costs, higher interest rates, and inflation. For those reasons it would be prudent to expect the airline to struggle for some time yet. CEO buying in is a very small % of net worth and probably more a gesture to show faith and support for the airline, hence why it has been so publicised. Will depend on if the market sees through this, and waits for a global recession to be overcome. Or if there are enough investors willing to buy in at this SP level while knowing difficulties ahead. Odds more in favour of a minor rally if that, then retracement to Cap Raise 0.53-0.55. Who would agree with this analysis?
Has AIR bottomed @ .65 today for now ?