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....
Printable View
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.
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited; and
Name of listed issuer: Air New Zealand
Date this disclosure made: 29-Apr-16
Date of last disclosure: 20-Apr-16
Director or senior manager giving disclosure
Full name(s): Stephen Jones
Name of listed issuer: Air New Zealand
Name of related body corporate (if applicable):
Position held in listed issuer:
Chief Strategy, Networks
and Alliances
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products: Ordinary shares
Nature of the affected relevant interest(s): Sale of shares
For that relevant interestNumber
held in class before acquisition or disposal:
503,535 ordinary shares
1,101,947 options
389,376 performance
rights
Number held in class after acquisition or disposal:
189,400 ordinary shares
1,101,947 options
389,376 performance
rights
Current registered holder(s):
Registered holder(s) once transfers are registered:
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates: 3
Details of transactions requiring disclosure
Date of transaction: 26, 27 & 28-Apr-16
Nature of transaction:
Sale of 104,711 shares
(26/4), 104,712 shares
(27/4) and 104,712 shares
(28/4)
Name of any other party or parties to the transaction (if known):
The consideration, expressed in New Zealand dollars, paid or received for the acquisition
or disposal. If the consideration was not in cash and cannot be readily by converted into a
cash value, describe the consideration:
Proceeds from sale of
shares: $840,153.98
Number of financial products to which the transaction related:
If the issuer has a financial products trading policy that prohibits directors or senior
managers from trading during any period without written clearance (a closed period)
include the following details—
Whether relevant interests were acquired or disposed of during a closed period: No
Whether prior written clearance was provided to allow the acquisition or disposal to
proceed during the closed period:
Date of the prior written clearance (if any):
Certification
I certify that, to the best of my knowledge and belief, the information contained in this
disclosure is correct and that I am duly authorised to make this disclosure by all persons
for whom it is made.
Signature of director or officer:
for and on beha
Bare in mind that he sold in even lots over 3 days, on the 26th it was trading at $2.80.
There's no way to sugar coat the fact that it is disconcerting to see such a wide range of senior executives including Chris Luxon treating their lucrative share incentive packages as nothing more than a mechanism to increase their already extremely generous salary. Not impressed especially seeing as one is selling at yesterday's depressed price.
Looking for Tony Carter to step up to the plate at $2.50 and show his support seeing as management seem to be lacking conviction.