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
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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????