Who was 1st? Qantas was?
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Competition heating up http://www.nzherald.co.nz/business/n...ectid=11542964
That's been certainly well signaled (unofficially) for some time now, so comes as no great surprise.
It will be interesting to see whether this announcement covers direct flights to/from AKL or just increase connections via Australia I suspect it will be the former, with AKL-LAX as the first sector. AKL-SFO is likely to also see competition in the future.
and so the cycle continues to turn...
Best Wishes
Paper Tiger
PS Happy Deepavali
"Bit" more detail .... http://www.ausbt.com.au/qantas-ameri...ngeles-flights
Execs get paid zillions if AIR share price beats the Bloomberg World Airlines Index
Anybody know where to find this?
That's a hugh drop in SP
Circa $1.5m base salary doesn't seem unreasonable considering C.L.'s performance and he's leading a team of 11,000 people and the company has sales of over $5b. Compare that to what some CEO's of much smaller companies are paid especially some of the bankers.
The new performance share rights seem less generous than the previously overly generous options arrangements that senior management have been recently cashing in.
AA thing has been known for some time and already been factored into broker models. Consensus valuation is $3.03.
Kiwi's are a parochial bunch and while there will be an initial hiss and roar by AA and QAN and heavily discounted tickets which AIR will match but over time flight prices will return to normal level's.
No biggie really...AIR expanding into other routes and experiencing strong demand on them. AA will bring more customers down under and grow the market overall and boost tourism's growth rate even higher than 9% per annum. I am wondering how AIR will meet the extra domestic demand for more travel throughout N.Z ?...they might be one or two A320's short...travel Auckland to Queenstown is really going to grow very strongly IMO.
Edit, just saw it dropped at one point to $2.65. Quite an overreaction IMO.