A mention of AIR and THL on Paul Henry show at 6.37 this morning.
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A mention of AIR and THL on Paul Henry show at 6.37 this morning.
Roger and Paper Tiger both say July revenues about the same as last year (down a tiny fraction)
I reckon July passenger revenues are down ~9% on last year. Even allowing for 6% less days this year revenues are down - about 3%
If that trend continues full year revenues could be down $150m
Minor matter and when a 30 cent dividend is announced Friday everything else will be irrelevant
Yes that is often true. But by virtue of having the 200 odd passengers sitting in cattle class and freight, this pays most of the operating costs and the premium and business passengers are where the margin is made. If you have an empty cattle class then all that RPK for the Premium and Business doesn't matter if the operating costs aren't covered by the freight and the economy passengers.
Broken seats and inflight entertainment that doesn't work as well as delays are some of the unhelpful things that make the experience less than adequate for some passengers.
Personally, I don't buy flexi or works tickets for Trans Tasman for business or personal travel - I just use the Koru Lounge access to grab a meal, do some work on the free WiFi, fill my water bottle for the flight and if my toddler is coming with me, get a fluffy and warm milk for his sippy cup and a few crackers, cheese, sandwiches and an apple for his lunchbox... and I have some Bose Noise Cancelling Headphones and my iPad to watch something.
Qantas result in, below expectations, although first dividend since 2009, what a suckers investment:-)
It is not difficult to work out:
AIR give you the % changes in figures corrected for the different number of days.
So you do not need to worry about disparity:
http://takedesigns.com/wp-content/up...rots_19477.jpg
Short Haul ASK is up 5.7% and RASK is down 6.0%, and 1.057 * 0.94 = 0.9936
or a decrease of 0.64%, which is the change in revenue. [ ASK * Revenue / ASK = Revenue ]
Long Haul you can do the sums yourself, discovering that the difference is even less (about the cost of feeding that parrot above the left over in-flight nuts).
Best Wishes
Paper Tiger
PS: While I can understand you believing Roger could get his numbers wrong, I am surprised that you should think that of me and I would appreciate it if when you do the long-haul figures you do not point out the misplaced decimal point in my original result.
From twitterland - he an Infometrics man
@benjiepatterson Qantas result shows @Jetstar_NZ domestic passengers in 6 months to June up 39% on a year ago, @FlyAirNZ saw growth of 2.3% over same period
Market was expecting $1.13 billion so result is definitely less than what market expected.
Sp is up however on restoration of dividend and a continuation of share buyback program, and most important is the confident tone of the CEO's outlook comments.
Now let's see what Air NZ delivers on Thursday.
Given the additional flights they have added I would suspect that would quantify the 39% in numbers. Perhaps there is a better statistic to measure but good thing is despite jetstars expansion into NZ AIR have not only maintained but increased the 2.3% referred to.
There were rumours going around that AIR was looking at flying to Chengdu (think Pandas) but nothing has been announced, yet.
Today we get Auckland Airport welcomes Tianjin Airlines to NZ who will whisk you to/from Chongqing (direct?) which is right next door, so to speak.
Best Wishes
Paper Tiger
QAN earnings out today 49 cps after cunningly announcing a $A75m bonus for unionised workers still subject to the pay freeze but they're carrying that cost over to FY17 and not reporting it as an ordinary item...this dog smells creative accounting...so not really 49 cps after tax.
I expect AIR to announce a similar or possibly slightly higher after tax EPS, (excluding extraordinary item write-downs like the loss on sale of VAH and Cartel freight case settlement in the States) on Friday.
How people arrive at a fair price of circa $3.50 for QAN shares and $2.22 for AIR when they're both earning ostensibly at the same rate I cannot figure.
Whatever happy pills the Australian analysts are on, I wish they ship some across the Tassie for Kiwi analysts.
Yes Tiger more Chinese competition but QAN recognise there's about a 50% in increase in Chinese capacity coming in the year ahead to Australia.
Will be fascinating to compare the financials of these two companies in more detail in due course. Disc - highly likely to stick to the bargain apple variety
Anyone picking a special divvy.?
10cps final and 10cps special is my pick....should be more but they have to fund growth in more aircraft so they fly further with more planes for...the same revenue :( Good that fuel is cheap.
Yep that's my pick too, my main fascination as I've said prior will be to see where the price climbs to before going Ex divvy and how the stock behaves post that date. I've got a couple of action plans on the table but with this rollercoaster I probably need more than that. Expecting spike Friday morning followed by your run of the mill Aircoaster dip Friday p.m, and next week,well????