Quote 17 November 2016
From a divvy yield perspective QAN's record is shabby and FY16's final was pretty pathetic but fundamentally they're doing very well IMO.
Older fleet with less efficient planes and they use a LOT of leverage so they do well when the tailwinds are blowing but I don't think their business model is as robust as AIR's, (AIR made money throughout the GFC, no multi billion dollar losses for them, unlike a certain other carrier). AIR well positioned if fuel goes up with a very young and efficient fleet and quite moderate gearing. Lack of ability to claim back franking credits, (when available) a disincentive for Kiwi investors too.
According to 4 traders average expectations for the next 3 years put QAN on about 5.2% yield whereas AIR are on 9.5% plus imputation credits = 9.5 / 0.72 = 13.2% gross.
And speaking of Ripley's believe it or not, someone has really put the dream into the term Dreamliner
http://www.stuff.co.nz/travel/themes...tarter:taboola