be a pretty small sort of bone by the time it gets fractionalised :)
How about a consolidation up first instead ?
Printable View
https://www.nzherald.co.nz/business/...BEA3BUZVEKLN4/
Airline anger: Bad batch of aviation fuel hits flights through Wellington
More Bad Oil - is the defacto President of Robertson Air still asleep or hiding under his desk ? ;)
AIR nz probably not a bad 5 year investment right now. Just need to not look until year 5 maybe
No problem ... I guess you hit the right tune :);
It might be a good investment - or it might not be - I agree with that.
The problem I see is that most of the success criteria are not under AIR's control ...
- how will international tourism develop, and how will NZ be effected?
- how hard will NZ work on detracting international visitors (visitor taxes and tourist bashing)?
- how will fuel prices develop?
- how will people in Europe, US and Asia modify their urge to holiday so far away (flight shaming)?
Obviously - some parameters do have AIR under control:
- they are currently selling a substandard product (compared to best in class competition) for premium prices.
- while they offer code shared flights with better carriers (e.g. Singapore Airlines),
they charge a higher price for them (happened to me - guess, which carrier I took).
- they retired too many planes and seem to have even problems to maintain the little they have left -
flight cancellations and similar are the result.
- many clients still feel agrieved about the substandard treatment they gave them during the Covid time
(fight for refunds)
So, yes - you are right - it might be a good investment, but I think the old saying still goes: don't invest in anything which floats or flies ... particularly if its so much worse than the competition :) ;
I probably will resist.
Hello China: Air NZ restarts daily flights to Shanghai, Air China restarts Beijing route
https://www.interest.co.nz/business/...-beijing-route
Probably not much room with this amount of spending planned.
https://www.stuff.co.nz/business/131...ofitting-fleet
I had a small position which I only held for a few weeks. I rethought my position a little while ago & quit it for a small loss due to the amount of money being sucked out of the economy due to higher interest rates & not just here but globally. A mortgage broker I spoke to recently said that less than half his mortgage book had rolled onto the higher rate regime. I think discretionary spending on things like flights will be reigned in.