AIR - Air NZ.

[Beagle]

Another good month of operating stats.

Agree with you mate, good sound stat's there.

[workingdad]

Not quite as it looks - I mentioned the relevance of 'to the extent....' sentence in the announcement.

AIR only take up the rights on the shares they have agreed to sell to Nanshan, if settlement of that sale hasn't occurred by the time the right offer closes. If they are required to do this, Nanshan have agreed to take them off AIR's hands via a sub-underwriting agreement (between AIR and NAN) in the fullness of time

Good morning Xerof, I thought it was 'to the extent that AIR is a shareholder" which I interpret as the entire holdings not just limited to the Nanshan percentage. Either way its good news.

[workingdad]

Another good month of operating stats.

Yep, pretty happy with that alright - very good across the board really. Wonder if it translates to a green day for AIR today.....

[Longhaul]

Agree with you mate, good sound stat's there.

What does this mean exactly?

"Removing the impact of foreign exchange, Group-wide yields were down 5.5%."

[winner69]

Yep, pretty happy with that alright - very good across the board really. Wonder if it translates to a green day for AIR today.....

Reasonable stats but growth in RPKs declining and mickey will have noticed that the year to date yield is now nearly 2% down on last - a number that is getting bigger as each month passes

[sharp]

Reasonable stats but growth in RPKs declining and mickey will have noticed that the year to date yield is now nearly 2% down on last - a number that is getting bigger as each month passes

How abstract to consider just the yield. Have you considered the increasing capacity?

More seats and passengers but also more empty seats?

[winner69]

What does this mean exactly?

"Removing the impact of foreign exchange, Group-wide yields were down 5.5%."

So as nzd strengthens not too good for next year?

[Master98]

Reasonable stats but growth in RPKs declining and mickey will have noticed that the year to date yield is now nearly 2% down on last - a number that is getting bigger as each month passes

not surprise here as everyone know because tough competition, still very solid.

[winner69]

How abstract to consider just the yield. Have you considered the increasing capacity?

More seats and passengers but also more empty seats?

I didn't just mention yields - i mentioned RPK growth (paying passengers) as well

Both the declining growth and yields seem consistent with with what analysts think will be happening next year on the revenues front. Combined suggests F17 revenues might only be up 4% odd - compared to 8% plus growth this year

[workingdad]

Reasonable stats but growth in RPKs declining and mickey will have noticed that the year to date yield is now nearly 2% down on last - a number that is getting bigger as each month passes

Yes but this has been factored in hence a SP of 2.15 versus 3.05, looking at the detail with the added routes RPK's and load factors are pretty decent. I am not expecting continued growth with increased competition but it would seem they are not yet needing to discount substantially to keep load factors up. I have been considering a family holiday and took the same one 2 years ago, comparing prices and keeping an eye on them they are still higher now than then.

I still have a lot to learn but from my perspective I think this months stats are better than expected. Certainly appreciate the input from those like yourself that have a better understanding of things.