Could also be a warning ...It may be that Mr Market thinks the E in PE is not going to be that flash in 2016...
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I would think that airline flights are a lagging indicator if the economy is going south. You probably wouldn't cancel this years big overseas trip if the economy is looking a bit shaky, but you might think twice about booking something for next year.
Having said that, it makes sense that by the time AIR's monthly stats start showing a decline, the decline in forward bookings will be well underway, if the economy really has had but butter and cream knocked out of it.
Yes Hoop Mr Market is sceptical that they can keep filling the planes in a softer economy with an 11% capacity increase in FY16. OTOH the company is confident it can and is very pleased with forward bookings on the new routes and is forecasting a SIGNIFICANT increase in earnings this year, (laboured the word because they did in the conference call). Time will tell. We await the next few months of operating stat's with keen interest.
Nice juicy divvy in the bank last night, waiting now for ASM in Oct.
You don't need to go on that off the grid course KW was talking about yesterday, as somewhat tempting as it is.... bet you're feeling at peace with the world today :cool:
I might sign up and then I might have balls of steel like you or, (flip a coin), on the other hand might end up giving it all away to some Tibetan monks :lol:
Still tired after a balls out ski week last week but definitely at peace. Mind you it takes a lot to keep me down for long no matter how bad the markets are ( Or my paper losses) I always come back to what really matters in life and for me that's Faith/Family and Friendship.
Divvy looks good :cool: Timed well with my flight to Wellington with AIR for World of Wearable Arts. Our company is running a photography solution for AIR, will go well.