Yep, more emails from Air NZ than Kathmandu
That's spooky
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Qantas ASM today
Latest operating stats very impressive. Even say oil cost is going to be lower than forecasts. Underlying earnings going to a record this year at just under $2 billion some commentators say.
Jeez, if Qantas can do this just what is Air NZ capable off this year - even more than Rogers $1 billion?
Cheerleader: "Cheerleading is an activity that involves tumbling, stunting, and the promotion of spirit. Depending on what skill level your team requires, skills can range from just the ability to smile and yell "go team go," or the ability to do difficult gymnastics and advanced stunting."
cheerleading on the other hand, can apparently require real skill!
Perhaps we should leave the politics and religion out of this as those things are to forums what bombs are to market places in the middle east, (that would include anyone with a political leaning to selling the airline to Etihad or any other airline). I also think nobody needs to explain the meaning of words as we all have access to online dictionary's for goodness sake.
Thanks for the head's up on QAN ASM Winner. I will have a read of directors guidance / comments.
With a cat cafe opening in Auckland soon this, obviously, will drastically increase the number of Asian tourists coming to New Zealand, as they will be re-assured that NZ is almost a civilized culture.
Obviously they will all fly Air New Zealand as much of the way as they can, probably walking to Singapore to do so.
So AIR will be the first $100 share on the NZX in no time.
Best Wishes
Paper Tiger
PS Anyone who disagrees with me is a spoil-sport and I hope their Tui goes flat.
PPS Have a good weekend :).
PPPS one of the commas in this post, may be sarcastic.
Just under $2b with 2.196b shares on issue is about the same as Air doing $1billion with 1.12b shares on issue but yes I think there is possible upside to my estimate as tourism is running well above last year's 7% growth. Be nice if they made a neat underlying profit before tax of $1 a share wouldn't it :)
P.S. Seeing as last year's cash flow was $1.1b, (a dollar a share), I wonder what they're going to do with this year's bumper cash flow ? (seeing as their profit will be circa double and their capex lower).
So...Paper Tiger last time you appeared to do some useful number crunching with those paws of yours I saw you valued AIR at $2.92 but talked about updating your valuation which I invited you to do but nothing forthcoming ? Care to share or seeing as the SP is now above your last on record value have you decided to roll over like pussycat and play dead and sell ? or does above sarcasm indicate you might actually think there's mileage in flying Tiger class, (you like what I did there with Virgin's subsidiary Tiger air) :)
Whoops, I guess I've transgressed on all the rules Roger! To be clear, its: No religious comments (dang, I'll have to put away the satanic bible), no politics (actually that's ok - I have no politics), no use of dictionaries to define meanings (sorry, just a bit of fun), no naysayers (I have an inclination towards pessimism - might be why I'm only worth a few million), no whimps (ditto), and no non-believers (damn, I keep hitting that religion thing).
As for what people claim they worth on the internet...I always take that with a grain of salt and in my experience of 30 years as an accountant I find more often than not when people talk their net worth up its because they feel the need too due to feelings of financial inadequacy and the reality being quite dramatically different.
Anyway...yes please keep it on topic. Better add something about AIR so no one can claim I'm off topic. Apparently the sharklet wing tips on their A320's save about 110 kg's of fuel on a reasonable length domestic flight and heaps of carbon emissions so the planet will be cooler...good thing.
My point was that pessimism can hold you back from making more - it can also stop you losing more. It's a double edged sword, the same as unbridled optimism. I guess we all have our natural investment styles. I've more than doubled my money on AIR (you can believe that or not - up to you). I've sold out half since it started getting hyped and the whole airline industry started to hit it's straps. I know I've sold too early - I usually do. The half I still have, cost me nothing and I'll hold that for a while longer. Airlines are traditionally cyclical and unprofitable. Things can always be different - but usually they are not.
https://www.nzx.com/companies/AIR/announcements/272282
Some more fantastic numbers