Thanks workingdad :t_up:
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It seems to me that the share price drop correlates to the increase in oil prices.
Looking at a trip to Las Vegas in July for 2 pax, (not for reasons some on here might imagine). American Airlines flying their new Dreamliner $1221 return, AIR N.Z. is roughly $2,000 return.
Anyone reading this at the company is welcome to PM me and price match and I'd also like an upgrade to PE for all my efforts on here for the airline...otherwise as I have a hankering to try out the new technology in the Dreamliner...no prizes for guessing which airline we'll be flying. Plenty of room in my PM box, I await with interest. Maybe this sort of game changing competition to LA and beyond explains some of the SP drop, (acknowledging that this is basically a launch special deal by AA to kick start their service so their pricing at this level won't last forever)
We've booked to HNL on the 787-9 in May, so I'm looking forward to this. I've also made some business bookings to LA and SFO on an unadvertised special that was around the same price as AA's special.
AirNZ do price match the airlines, but don't always advertise it. You can usually find them by doing a dummy booking for the same dates on the main website, or the seats will appear through grabaseat.
Keeping an eye on grabaseat for sure Zaphod. They had a short window return to South America special today for $698 return...would have been nice if that's where we wanted to go. Looking forward to seeing that price on a LA return flight on their grabaseat deals soon. We will hold off booking AA for a week or two in the hope we can support our own airline instead.
Enjoy your flight to HNL !
Missed Hilary this morning. She's good at keeping that other cheeky rascal in check isn't she.
Interesting broker comment on Qantas
Qantas Capacity Management Questioned by Morgan Stanley -- Market Talk
Posted on 22 April 2016 11:55 | Dow Jones Institutional News
2355 GMT - Morgan Stanley takes a second look at Qantas Airways' (QAN.AU) recently released third-quarter performance, and determines it was poor capacity management and not demand that was the main driver of weakness in the period. It argues the weak domestic demand picture implicit in the sharp sell-off in Qantas shares doesn't reconcile with an otherwise reasonable retail and consumer environment, so suspects poor capacity management by the airline. That said, the brokerage says the sell-off looks overdone and nothing appears structurally broken at Qantas. And with excess capacity now exiting the market, the airline's fourth quarter could surprise positively. (robb.stewart@wsj.com; Twitter: @RobbMStewart)
(END) Dow Jones Newswires
April 21, 2016 19:55 ET (23:55 GMT)
That view is supported by sound load factors at AIR. Travel has NEVER been cheaper in real terms so people, (including myself) are doing more of it. Demand is not the issue, some airlines inability to manage their capacity is more likely the culprit. AIR have a superb record of matching demand and capacity as demonstrated by average load factors in recent years being consistently well above 80%.
Another day of deja vu with regards to trading range, up in the morning and weakening later...I doubt very much if the bottom is found yet though. Our friend hoop can give us the TA perspective perhaps....
Return flights to Wellington in May with air nz $118. Parking at Auckland airport for the day $38-46. Considering 2 Koru lounge visits I know which one is better value for money.
I paid for it rather than use air points. Want to do my thing for the quarter now I'm holding again ;)
So their load factors are good,but reading todays posts 2 out of three(including Roger,and I agree ,you should be treated to first class imo) have taken the options that are considerably cheaper. As a rule AIR is almost always more expensive so it becomes a matter of whether their brand merits it(thats a personal choice ,but I stand by my premise that price is a large factor in airline use)..but if they can continue to keep a big load factor -good for them.But these examples are demonstrating the importance of considering competition and its effect.
There are so many factors to consider,but this morning holders are saying ''Im flying on another airline because its more affordable'' and...why is there been such a drop in the SP?
I dont know if its anything,but when my wife delayed her trip back from Montreal,the ticket change fee was much less because there was plenty of room(not suggesting we read to much into that ,but still.)
I just wonder about the markets..how many investors are seeing a great upside from here? They seem to be treading water in the US with the not great earnings--the ''easy money''is still keeping things afloat(most think a rate rise this year is not going to happen) but it doesnt seem to be getting much of a bang for the buck anymore(at least in company results,in general)--maybe things will kick in ,but if not ,there is not much left.
The best Janet can do is keep postponing (well she could do another QE but what kind of a signal would that give?
Somehow, the current weakness feels bit different to what happened before. Not sure its due to general airlines industry wide trend or seemingly strengthening oil prices, or bit of uncertainty caused by AIR execs recent selling some of their share on market (incl CL). Whatever it might be "it feels different this time"...., just my 2c, GLTA.