Not today winner, bit of weakness in price.
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Meanwhile over at the roo tail airline the buy-back has commenced and is now in full swing :(
- Craigs have kept AIR on their high conviction list despite it under performing the index since inclusion. A snippet why.
We expect oil prices to stay low over the medium-term. This will be anongoing tail wind for AIR. Management have locked in additional hedgingat low prices for the 1H17 period- Tourism markets are buoyant, and Auckland Airport is experiencing hugepassenger growth (9.3% in January). AIR are expanding, and newinternational routes are profitable on a standalone basis
- With 80% of the domestic market, AIR will benefit from passenger growth viaother international airlines on its domestic network
- Operationally AIR is performing well and benefiting from new fuel efficientaircraft and cost savings
- Cargo revenue remains strong and AIR’s relationship with freight forward and exporters limit the impact of competition in this space
- The valuation remains attractive: AIR is trading on a FY16 PE of 5.3x, or anFY17 PE of 6.1x. This is well below its long term average of 11.3x
Craigs approach seems a little odd ? I don't disagree with what they're saying (and thank you for posting a brief synopsis JT), and can certainly understand them keeping it on their high conviction list, (it'll be no surprise to anyone its also on mine), but on the other hand they have dropped their target price significantly to $2.89 ? Why keep something on your high conviction list when its so close to one's 12 month SP target ? (expected final and special dividend circa 20 cps notwithstanding). Go figure ?
They may be a well run airline,but they sure dont have much of a conscience --My wife had a ticket going to Canada in a few months time--When her Dad suddenly took a turn for the worse -they not only are charging the change of date fee ,but a whalloping extra cost of ticket as well--because its not on special any more,apparently,milking it for all its worth---Thanx guys...you really know how to build brand appreciation:mad ;:
Compassionate fares are only available on domestic flights ---If your father is in another country ....Tough.
Ok most airlines dont offer help any more --still a shame (had to have my rant)
I am a little surprised that compassionate fares are not available on an international basis. Its seems a little incongruous to have one policy for compassionate domestic airfares and to not have these on an international basis ? Surely they don't think everyone's close family live in N.Z. ?
It is a very difficult time of life to stare down the barrel of losing one's parent and I for one think we need to balance the need to make a profit with a decent sense of humanity toward people who find themselves in genuinely unfortunate circumstances so as a corporate one is not seen to have lost one's morality of being a good corporate citizen. You have my sincere sympathy Skid and I hope your wife's father is okay.
Well said, couldn't agree more, some people's lack of empathy one can only hope often takes a sudden about turn when they are on the other side of a situation in the need for compassion
I recall back when my Mum died & family came over from Aust for funeral at short notice, that funeral director gave them a letter to give to airlines for some reduction in fares (though don't recall actual outcome )
Did you have travel insurance Skid?We were booked to travel overseas last year but family member came down with terminal illness.We had paid for tickets on Kiwibank Credit Card that has travel insurance included in their policy if you pay for the travel expense on their credit card
We provided a doctors certificate & Air NZ refunded tax componant of the tickets and Kiwibank Travel Insurance refunded tickets less $200 excess.Any help?
Sorry to hear about this Skid, it certainly one of those large moments in life, could not say it better than Rodger.
It is not just about being compassionate and doing the right thing, its also good business. A good well thought out policy in this area will result in loyalty with a customer who will sing your praises to all they meet. You only have to go part way....All of us in private business can think of occasions where we have gone out of our way and it usually is paid back in spades.
She has the standard insurance that comes with visa Platinum --They said to give it a go but its a bit of a long shot.(obviously death is easier in terms of paperwork)but his condition is serious enough that I think we could logically say that it is not in the category of ''anyone could do it''--Her father is in the hospital so Im sure paperwork could be achieved)
Thanx for the info Kiora,and everyone --sometimes you just have to get that stuff out--I guess my main issue was that on top of the change of ticket fee,she has also been hit by the increase of price of the ticket. This more expensive price is completely understandable for those who have decided to simply fly on short notice--Im sure all tickets are more expensive if you want to go within a week--but in this case it seems she is getting penalized for having to go for this particular reason(about 50% of the ticket price before the change of ticket fee)
Guess I just thought that a case like this would qualify as different than the normal business formula, and, as was stated,one would think that in terms of general perception,they would get as much out of this sort of thing,as sponsoring a rugby team etc.(guess you cant make a glossy ad on this sort of thing)
We are not destitute,so are lucky in that sense,..others would have suffered more
anyway ..no since harping on ..people have expressed their thoughts and thats appreciated---If a change occurs ,Ill post...cheers
PS -you can apply for compassionate consideration if your relative is A-in New Zealand..and B-is less than 80 yrs old (if they are over 80 apparently your not supposed to care about them anymore)
I thought it a little curious that they wouldn't be available on international flights so I had a quick look around. From what I can see, most airlines don't actually offer any sort of compassionate fare at all - though many will offer additional flexibility on existing or new bookings for compassionate reasons. In fact, Air New Zealand is the only Australiasian carrier left that actually has compassionate fares (Qantas, Jetstar, Virgin Australia, and the foreign carriers going trans-tasman including Fiji and Emirates don't), and as of 2014 that was "under review", meaning at some point it's possible that it'll just go away.
Seeking all Hobbit fans! Air New Zealand have kindly donated a Collectable Air New Zealand Boeing 777-300 ER model - complete with ‘The Desolation of Smaug’ livery. Scale 1:200. Please see our Silent Auction room for the actual model plane details. Photo similar to actual model only.
https://fbcdn-sphotos-a-a.akamaihd.n...687329f077ad62
Roger local school fair tomorrow , you want me to put a bid in for you ??
I'm not a Hobbit fan mate but thanks for thinking of me.
Just thinking out loud. I wonder with all this booking on the internet stuff whether somewhere we've lost the people part of the human connection between a good travel agent and the staff they know at the airline. I can't help wondering if you had a good travel agent and they had a good contact at AIR, (the right person to speak too), whether something couldn't have been done.