Should be an interesting week, see if AIR can break out from this historical 3.xx turning point. Looking very overbought on the indicators, but who knows eh, maybe this is the big one up up and awaaayyyyy.
Check stops.
BAA
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Should be an interesting week, see if AIR can break out from this historical 3.xx turning point. Looking very overbought on the indicators, but who knows eh, maybe this is the big one up up and awaaayyyyy.
Check stops.
BAA
Interesting what C Luxton said a couple of weeks ago:
Christopher Luxon said Emirates' suspension of the A380 from July 13 wasn't a surprise and a "rational" to a fall in demand.
"I think a lot of airlines are doing it quite tough at the moment it's part of the cycle. A good year leads to overcapacity and then a price squeeze as airlines battle to fill planes," he said.
I agree with him... on my last couple of travel cycles to Europe for Board meetings there has been a drop off in passengers on Singapore Airlines and Lufthansa flights I have been on. Nice to have more seats to myself while I travel however sixty people on an A380 an't ideal. Good to travel with however not where I would invest.
Not AIR load factors in question here at this time however believe only a matter of time before we get negative headlines in the industry. Your guess where that will take the share price.
For this reason alone I cleared my trading share portfolio on Friday. Just investment parcel now on hand which was purchased at 1.87 average price.
Dividend play with decent buffer for share volatility although given the margin sitting on may just as well cash up the lot...
Very small bit of anecdotal evidence will not scare me off Raz. April stat's for AIR were very strong and May will be out shortly. Personally, I can totally understand why there might be a fall off in demand for travel to Europe at this point. Fortunately we live a long way from the chaos and mayhem in safe little old N.Z., soon to be the home of the America's cup again :t_up: Team New Zealand now red hot favorites, ($1.16 on the N.Z. TAB), with the bookies to bring the old mug home. Meanwhile very strong tourism and immigration stat's continue to provide strong tailwinds for AIR.
Extremely busy domestic year for Air this year, with the mega star Adele, the world masters games and the Lions tour, next year will be significantly quieter on the domestic front than the current one. There's always things going on but these three events were extrodinary in their magnitude.
At this stage every year there's another 70,000 immigrants living here...all wanting to travel and see their new home and invite their friends and family to come and visit them. This population growth is something that hasn't been discussed much before on this thread in terms of being one of the tailwinds driving ongoing demand growth.
While I agree with you I don't imagine there were that many flying in for Adele. To be honest I would be more likely to fly out.
Heehee thats double whammy good for AIR though Meextr. Will keep an eye on AIR's place in the cycle; still good atm imo but thanks for your observations in the USA Raz. Sounds like you clock up a hell of a lot of fly time, not my idea of fun.
Will watch and wait to see which stock I load up on for the upcoming divvy season, Air is one of 3 possibilities Ive lined up, but the NZX looks well and truly fully priced at the moment other than a few or SUM. Might get a nice correction over the next month or so, looks overdue to me, just need some nutter to file a few missiles to speed things up a bit.
one large volumes transaction
316 1,500,000 11:42
Yes as would i !, however they did, see the below. They have also announced something similar for Ed Sheeran in Dunedin.
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Air New Zealand says ‘Hello’ to Adele fans
Air New Zealand has announced more than 80 extra flights to and from Auckland to transport Adele fans from throughout the country to see the global superstar perform her first New Zealand tour.
25 November 2016
The airline will operate extra services between Auckland and Wellington, Christchurch, Dunedin and Queenstown in the days leading up and following the singer’s sold-out shows in March 2016.
In an effort to move as many fans as possible, Air New Zealand will use one of its 312 seat Boeing 777-200 aircraft normally dedicated to international routes on some Christchurch-Auckland services, with the rest operated by the A320 fleet.
Air New Zealand Regional GM Direct & Market Development Jeremy O’Brien says, “The extra flights will provide 15,000 more seats for Adele fans who’ve been lucky enough to secure tickets. It’s clear Adele has captivated Kiwi audiences and we’re looking forward to welcoming her fans on board.”
The extra flights go on sale this afternoon.
Ends
Issued by Air New Zealand Public Affairs ph +64 21 747 320
Thats your theory..good luck with that..all the students will not be going around for starters. Everything I'm seeing currently is economic growth running out of juice. If you are buying in at current AIR prices you are an optimist. Not surprised profit taking going down now.