Retesting the 200DMA again after smashing down thru the 60DMA on re 8th june. Must be a fair few punters underwater atp following enthusiastic buy raves . Hopefully AIR picks up again leading to the Dividend but competition for the skies AIR flies is increasing.
Retesting the 200DMA again after smashing down thru the 60DMA on re 8th june. Must be a fair few punters underwater atp following enthusiastic buy raves . Hopefully AIR picks up again leading to the Dividend but competition for the skies AIR flies is increasing.
I am watching carefully.
Share price is under the 50 day EMA [$2.67] and the 200 day EMA [$2.56].
Will wait a few days to see whether we have a "break out" or a "fake out."
If last night's flight from Hong Kong is anything to go by biz is pretty good for AIR.
Flew back from Honkers to Auckland on NZ 80. Applied to upgrade from Prem Economy to Business but not an empty seat on the plane in any of the cabins.
Nice to hear. I think people are getting a little over negative about the increased competition. Fact is AIR are also expanding and have a modern fuel efficient fleet and are now enjoying very low, (mostly unhedged), oil prices while contemporaneously enjoying some very favourable foreign exchange hedging. Forward PE of less than 7 and people can look forward to their 75th anniversary final fully imputed dividend in a couple of months. Happy holder and self confessed aviation enthusiast.
Thanks pierre for posting your positive experience.
And you are right nzspeak. Hope its AIR day today on the market. QAN has been flying through on ASX over the aps few days.
Agree with you Roger, the market seem to hung up on negative news around competition. Am sure with top quality management (Luxon and co) they would've plans to combat and grow.
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