It's called "positive discrimination", biscuit. Use with discretion!
:mellow:
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It's called "positive discrimination", biscuit. Use with discretion!
:mellow:
Good luck mate. This news out yesterday (one of the first bits of news out of the aviation industry that endeavours to quantify the impact of this virus), gives an interesting insight into how difficult this storm might be to navigate. https://ph.news.yahoo.com/vietnam-ai...054307063.html
I am sure AIR will update shareholders how their forward bookings are looking with their half year result due later this month and I expect that they will clearly articulate a serious decline in people's forward intentions arounds bookings. I expect a downgrade to 2020 guidance later this month with the half year result and at least one more, probably two more downgrades before June 2020. Shareholders might also like to brace for a dividend cut as it would appear to be prudent to conserve cash at this time.
I wouldn't presently even pay $2.50 per share. I don't want to be a prophet of doom because I like the company but the fact is AIR is directly in the path of this approaching storm and there's nowhere to hide. Depending on the severity of its effects it could get extremely ugly.
Yes, a sobering bit of news from Vietnam Air. Note, however, that China accounts for a third of Vietnam's tourists.
Very sobering at this very early stage and it isn't just Chinese by any means that can't or don't want to be travelling. Discretionary long haul travel is on indefinite hold for everyone I personally know. There are those that have to travel long haul regularly for work though, like Iceman and I hope he's okay.
Been there seen it all before... You tend to when you have been in this industry as long as alot of us have!
We were within a few hours of closing the door for good with the Ansett disaster.. Not knowing if we should take our personal equipment home with us each night in case the gates were locked the next day..you tend to grow to be quite resilient in this industry.
Would I buy AIR... Nope... Carona Virus, the787's drama and the like is enough to convince me to look elsewhere..can't quite fathom why the share price is still where it is. Good for holders though and I wish you all the best..
As for Luxon everyone has their own opinions and always will...
I'll keep mine to myself...
And Beagle I can assure you that there has been plenty of pandering to certain groups of the employee community.
They're always going to need highly skilled people like you that fix things Benny so you'll be okay.
Best wishes.
Just a little snippet. My wife yesterday had to change dates on a flight with AIR to London via LA at the beginning of March. The call centre person told us the cehapest option would be to go through HK as "we have had hundreds of cancellations on that route".
Needless to say my wife will go through LA !
Just before it all kicked off, we bought tickets for a holiday to the UK. To via LA and back via HK. Will be watching this one with interest.
Interesting information, though probably predictable.
From personal experience - it is quite easy to catch a flu or bad cold on these long distance flights ... probably every second time I go to Europe I end up with one of these - caught in flight on one of these legs. So far however I survived them all :);
But anyway - I would think that in these hyped up days the risk to catch a bug on the plane might be lower than normal ... everybody will be alert and highly unlikely that they allow particularly in SE Asia anybody with symptoms (no matter which flu or cold) close to the airport ...
Personally - I would have taken the HK connection - it is nicer (and less risk to catch whatever bug) if you
fly in less filled planes and go through well organised airports with friendly staff. North American airports are inefficient, always full with arrogant security staff, bull dogs and a bunch of bureaucrats who clearly enjoy to exercise the nearly unlimited power they have over incoming passengers. Not sure whether queuing up in front of US immigration with lots of other people (some of them might be sick) for often one to two hours really reduces the bug spread.
Anyway - all the best and safe travels to your wife ...
We plan to go August / September and I am sure I won't take the route through the US ..