Eight new 787-10s with GE engines
Wonder how they calculate 150,000 tons of carbon savings ......what a ****....can’t fool me
http://nzx-prod-s7fsd7f98s.s3-websit...068/300527.pdf
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Eight new 787-10s with GE engines
Wonder how they calculate 150,000 tons of carbon savings ......what a ****....can’t fool me
http://nzx-prod-s7fsd7f98s.s3-websit...068/300527.pdf
I am very relived they have gone with GE engines. I would have sold my shares if they choose to stay with RR as I believe a decision that way would amount to gross recklessness no matter how cheaply RR would supply them. I hope they can wiggle their way out of the RR engine leases on the existing planes at some stage.
Goode pragmatic decision making by AIR.
Don't think there will be a downgrade at this afternoon's investor day because I haven't noticed any exec's selling many shares lately.
LOL Barked so loudly SUM company had to change theirs and Tony Carter probably has the Beagle's barking still ringing in his ears after I barked up a storm after last time AIR's exec's sold one day before the investor presentation. Beagle's thinking is that if one is going to bark you might as well bark nice and loud :D
Sharechat essentially says it’s a downgrade ...or at a profit warning
Don’t downgrades come in fours
the market seems quite happy as AIR head to what could be their worst profit in five years.
http://www.sharechat.co.nz/article/f...ouncementshtml
Market was well aware that the fuel price was trading above previous estimate so is not surprised. Anyone surprised would have to have been living under a rock for the past couple of months.
Very smart move going with GE engines https://www.msn.com/en-nz/travel/new...cid=spartandhp
Media hype painting it as a $60m downgrade when in fact they were previously guiding $340m - $400m, mid point $370m, and now guiding $340m+
Only in the imagination of some creative journalists minds is this a $60m downgrade.
Investor day materiuals here http://nzx-prod-s7fsd7f98s.s3-websit...101/300568.pdf
The range was initially at $340-400m, and down $25m but in excess of $340m. So anywhere between $340m to $375m. The movement in fuel prices is always going to be there and for that reason its a cyclical stock more than anything.
I bought at the lowest point of the market so I'm okay with holding at close to $2 average. I would only buy more if it went down that low again which I only suspect would happen in two circumstances. First being oil prices heading back up to $100 USD a barrel or global conditions worsening considerably to the point it affects disposable income on a mass level.
A lot can happen between now and 2022 and both events are on the cards, not sure at what state either will be at in 2022, if oil goes up I think the budget players and poor brand operators get weeded out quickly with the brand champions sticking around. A quick response to slowing demand and oil prices rising will give you an indication of what type of company this is.