Ordinary salt is sea salt as it's cheap as chips....
Just like Air NZ!
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Jetstar is about to make a significant announcement on the expansion of its domestic operations in New Zealand and this could include services to cities off the main trunk.
I don't think this is going to help the AIR share price.
This was expected. The rumours about Jetstar entering the domestic market have been swirling around for quite some time.
AA may revive a service to AKL, but I am not sure how committed the carrier is to the NZ market, and AirNZ will compete very fiercely.
In the short term (IMO) these events are not good for the AirNZ SP, however the longer term still looks postivie.
Had a small top up order in at $2.64 but looks like I might get some under $2.60 by the end of today:cool: PS-Hopefully Jetstar reinstate their WLG to QTN flights as getting to the southern skifields was much cheaper when there was competition on the route.
yeah maybe try $2.40 :/
$2.25 should provide good support.
But be prepared for turbulence, scalding coffee in your lap, rapid descent and deployment of oxygen masks!
Just how many excess Aussie turbo props do Jetstar have? How long would they be prepared to undercut Air NZ on regional routes? Will Jetstar develop a grateful loyal customer base? Will Air NZ reinstate (at a loss) some of the routes it gave up? Lots of questions.