The big change for me PT is that instaed of getting contribution from Virgin, we are contributing. Fickle ? Maybe but think my cash is better parked elsewhere rigth now
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I still hold some but the truth is $145m pushes them right to the edge of their maximum self imposed leverage position (55%) and dramatically reduces the chances of a special dividend so fundamentally changes the forecast dividend yield and they are throwing trucks loads of our cash down green holes and black holes with little immediate prospect of any commercial payback but you can't see that anything has changed PT ? I can recommend a very good optometrist just up the road here...might even test tiger's eye's for all I know :)
The distinct prospect of further equity required to be injected is grounds for concern too. Any wonder prudent risk averse investors have been reviewing their positions quickly...
Opps so sorry, does that amount to further venting :blush:
How much have AIR invested in Virgin now
Just a bit lazy at the moment.
I agree with what Winner is saying although might need some caution. Someone was buying today despite all the commotion at midday and share traders running for the hills.
No mate it hasn't but is coming right and I think AIR's share of half year profit to 31 December 2015 was about $15m.
Quizzing C.L. after the annual meeting in 2014 he thought it wouldn't be profitable until FY17 so as its turned out they're a year ahead of that, albeit helped in no small way by the very low fuel price.
I might have over-reacted a bit today but talk about being blindsided and references to this being an initial assistance package to assist with liquidity isn't a good look. Maybe Tiger airways bleeding a bit and a bit lame... ? Maybe we should send Paper Tiger over there to give their overheads a really good mauling and teach the executives how to survive and thrive on skim milk :)
I would have thought VAH would have been strong enough and have enough momentum to fly under its own power by this stage ? Ansett Mk2 anyone ?
This particular route is one that I fly often. I haven't personally experience the issue you've outlined above, but sometimes those around me (both on this route and other non-NZ serviced routes) have complained of being too hot or too cold, sometimes at the same time! My advice would be to politely ask the cabin crew if something can be done, or ask to be seated elsewhere even if for a little while to see if a cooler area can be found.
Everyone feels heat differently, everyone is dressed differently and everyone is seated slightly differently so despite the air being a consistent temperature when it leaves the vents, the experience can vary wildly.
VAH are major contributors' to AIR's Trans Tasman operation, 3 to4 wide bodies every day from SYD to AKL and they are running at 90% full. I suggest the latest financial injection is to rattle QF's cage.
Going from memory i think AIR paid 48 cents for the last lot they bought.