AIR - Air NZ.

[winner69]

Nothing wrong with investing in airlines. Just remember not not invest into them during a downtrend , but this is probably true for all industries:

A couple of times I’ve tempted fate and held AIR .....and they didn’t crash a plane ...but now feel third time I’d be unlucky and couldn’t live with thinking I’d caused a AIRplane to cash and killed hundreds of people.

[BlackPeter]

A couple of times I’ve tempted fate and held AIR .....and they didn’t crash a plane ...but now feel third time I’d be unlucky and couldn’t live with thinking I’d caused a AIRplane to cash and killed hundreds of people.

Not quite sure I can follow ... why would your ownership cause a plane to crash? As well - planes don't crash because they are owned by winner, but because they are made by Boeing :

Anyway - current problem is not who owns the planes, but airlines business model (high fixed cost and swiftly dropping patronage) ...

[Beagle]

Not quite sure I can follow ... why would your ownership cause a plane to crash? As well - planes don't crash because they are owned by winner, but because they are made by Boeing :

Maybe so but I would double my short position if Winner held and they started scenic flights to Antarctica again

[BlackPeter]

Maybe so but I would double my short position if Winner held and they started scenic flights to Antarctica again

On the other hand - Antarctica is the only virus free continent left. Might be a desirable holiday destination ;

[Beagle]

FTR
Closed the short , a nice trade thanks Beagle for the suggestion.
And while I don't like airlines I must admit though I dont like to hold short positions too long either. Despite what Jesse Livermore said.

Posted 26 February. You got out way too early mate. Not too late to open a new position and get back on the ski slope.

[Beagle]

On the other hand - Antarctica is the only virus free continent left. Might be a desirable holiday destination ;

Probably be okay on the Auckland Islands too, as long as not too many Aucklanders actually go there lol. https://en.wikipedia.org/wiki/Auckland_Islands

[Beagle]

https://www.nzherald.co.nz/business/...ectid=12314629

Bookings for March drying up according to Tourism New Zealand.

[winner69]

Guidance was really optimistic so not guessing anymore ....but dividend will still be paid

http://nzx-prod-s7fsd7f98s.s3-websit...581/318334.pdf

[winner69]

Don’t blame Greg for sort of blaming the media for creating these turbulent times ...“We have been continuously monitoring bookings and in recent days have seen a further decline which coincides with media coverage of the spread of Covid-19 to most countries on our network as well as here in New Zealand,” says Mr Foran.

[Gerald]

Don’t blame Greg for sort of blaming the media for creating these turbulent times ...“We have been continuously monitoring bookings and in recent days have seen a further decline which coincides with media coverage of the spread of Covid-19 to most countries on our network as well as here in New Zealand,” says Mr Foran.

"Greg Foran has voluntarily offered to reduce his base pay of $1.65 millionby approximately 15% ($250,000)"

Surely they could maintain guidence after such a generous gesture.