That's why I'm not too worried about the decrease in long haul load factors, as long as Air maintain their domestic stronghold it doesn't matter who brings in the extra punters, Air will despatch them around the country.
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http://www.newshub.co.nz/business/ai...ock-2016100617
Well I feel like a bit of a goose cashing out because of "Trumped up" fears but I'm pleased to be back on board and see I'm in good company with another attractive goose called Dave, although this particular goose is definitly a Kiwi :) Long run I am satisfied they can maintain a 20 cps divvy.
I had anticipated considerably more weakness and never bought back in - still happy with the modest holding I have.
Both flights between Auckland and Brisbane in the last couple of weeks were bursting, the return had code sharing with 5 airlines looking at the flight details and staff were as impressive as always.
Welcome back Roger again, fasten your seat belt and stay in your seat this time. PS-Still cheap buying atm IMO.
I hope holders have had a good read of the latest databook Air just put out, will give you confidence in this well managed, profitable company going forward. Of note is the graph showing projected Capex expenditure over the next few years, look at how low it's projected for 2020-2021, looks like I'm going to have to buy a bigger divvy feeding bowl before then. PS-Almost forgot to mention Air's 5 year total shareholder returns up 183% compared to the NZX50, up 100% and the Bloomberg World Airline Index up a lousy 23%, Buffett needs to do a bit more research about which Airlines he invests in aye.
Great post...must hurry off... the pet store have a special for XXXL dogs looking for bigger food bowl's :D Must admit I haven't read it yet, trying to take a more relaxed approach these days, plenty of time to read when you're on board for the long haul.
Iceman you cheeky bugger, I'm telling Mrs hound on you :)
Come on guys, lighten up its Friday. I'm sure the facts are well laid out in the fact book. Maybe when Buffet's analysts read it...