AIR - Air NZ.

[Jaa]

Looks like Air NZ got off lightly from the Crowdstrike failure? Anyone know if they use it?

Jetstar, Delta and other US airlines not so much.

[flyinglizard]

I bought some Friday .55, Hoping for a run . Most valuations are around the 80c mark , so here's hoping ....

It is back to normal and the SP should not be a problem just matter of time. - Long term

The good news is the interest rate going to be cut soon. - Medium term

The index will keep uptrend, NZX50 needs some blue chips to lead, AIR NZ 100% for sure will go up for a while. - Short term

[blackcap]

Well they come out with the bleeding obvious statement today, anyone with half a brain could have told them that a year ago it would not work..

https://api.nzx.com/public/announcem...300-423615.pdf

[nztx]

Qantas's Competition & Aussie Regional Routes provider REX crash lands in the Administrators Yard over the ditch

A repeat of the trail of past small operators crashes under way with a shake up for regional Oz services

https://hotcopper.com.au/asx/rex/


Probably flow on effect into NZ Air Travel

https://www.abc.net.au/news/2024-07-...woes/104161424

Politicians point finger at Qantas over regional carrier Rex Airlines' troubles

https://www.news.com.au/travel/trave...d1e55b8c440e22

Australia’s third largest airline enters voluntary administration

[Sideshow Bob]

https://www.nzx.com/announcements/437064


Air New Zealand announces 2024 Annual Results and declares final dividend


Summary

• Earnings before taxation of $222 million
• Net profit after taxation of $146 million
• Passenger revenue of $5.9 billion
• Liquidity of $1.5 billion
• Unimputed final dividend of 1.5 cents per share declared, resulting in total ordinary dividends of 3.5 cents per share for the year

[biker]

It could be seen as…

First half EBT 185 mil.
EBT full year 222 mil
Therefore EBT second half 37 mil.
Less 90 mil Covid breakage credit
So…. effective EBT second half - 53 million dollar loss and probably still losing 8 million a month.
Still paying a dividend????.

[777]

Still paying a dividend????.

The Government needs the money.

[Sideshow Bob]

The Government needs the money.

Hopefully not that desperate for $26m......

[Marilyn Munroe]

Qantas's Competition & Aussie Regional Routes provider REX crash lands in the Administrators Yard over the ditch

A repeat of the trail of past small operators crashes under way with a shake up for regional Oz services

https://hotcopper.com.au/asx/rex/


Probably flow on effect into NZ Air Travel

https://www.abc.net.au/news/2024-07-...woes/104161424

Politicians point finger at Qantas over regional carrier Rex Airlines' troubles

https://www.news.com.au/travel/trave...d1e55b8c440e22

Australia’s third largest airline enters voluntary administration

Rex's Boeings were leased from from Virgin(underarm bowlers division).

With the crash landing of Rex's main trunk service these aircraft will boomerang back to Virgin.

This raises the prospect of them being employed to cross the ditch.

The recent sweet heart deal between Virgin and Willis Airlines where Virgin points members will receive rewards for flying Willis airlines suggest the above scenario is not likely.

Boop boop de do
Marilyn