Singapore Airlines has beaten analyst predictions but sees headwinds with increased competition from budget rivals. Net profit up 36% and operating profit up 96%.
http://www.bloomberg.com/news/articl...ahead-ik85hayk
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Singapore Airlines has beaten analyst predictions but sees headwinds with increased competition from budget rivals. Net profit up 36% and operating profit up 96%.
http://www.bloomberg.com/news/articl...ahead-ik85hayk
I agree with you Roger. This year should be good for them, Domestically with the Eagle Air operations winding down and the transition to an all Q300s and ATR72 fleet completing. Internationally with Houston and Buenos Aries starting, and I would expect them to announce something else new, perhaps Hobart or Manila.
With low oil prices and booming visitor numbers, the increased competition and capacity into NZ is not surprising. I wouldn't be surprised if AIR keeps some 767s for a bit longer (before ordering more new 787s) to keep up with this increased competition and demand.
But next year, watch out for further capacity coming into NZ from competitors (AA, Air Asia, Qatar etc.) and Jetstar regional operations expanding. I think I will sell before then.
Agree 100% Percy. Also lead by an extremely capable group of Directors and growing at its fastest pace in its 75 year history. Good to have some older heads like Tony Carter for C.L. to defer too from time to time.
Hi Kelvin - No question the increased competition coming will have some impact and we've seen that reflected in the SP lately.
ENERAL: AIR: Air New Zealand's 2015 Data Book Air New Zealand is pleased to launch a new look and feel to our investor centre website, along with the release of the inaugural 2015 Data Book. Click here for link to Air New Zealand's Investor Centre website: http://www.airnewzealand.co.nz/investor-centre Click here for link to Air New Zealand's 2015 Databook: http://www.airnewzealand.co.nz/databook
That's good piece of booklet they put together for anyone looking for all info.
I wasn't too surprised to see it come back, albeit a bit quick it looked a smidge overbought IMO. I think I even said that a while back. Even I was getting itchy seeing it at that price. Wait for it to bounce off those MA's which it looks like its doing today? I've only got a slight eye on it ATM. Be greedy when others are fearful I guess
Yes looks good on a very quick skim read, I'll have a thorough read ASAP, interesting to note they own rather than lease all their dreamliners, they must think they're on to a good thing with those fancy new birds..anyway here's the link folks:, just click on the pretty aircraft picture http://www.airnewzealand.co.nz/databook
AIR good at doing this. Nice solid candlestick with a close on/near the high, followed by a few more days of fun. Will it happen again or is this just a DCB? Lets see if she can get to the 295 area today, which may provide a bit of resistance.