You’re not listening again Beagle
Made $198m (before significant items of course) and the much admired and vaunted Greg says they going to $152m in H2 and that’s with fuel at $65
And that $152m is About the same as H219 ...that’s very good
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Deaf Dog can think for himself. No way the current guidance sticks....there's at the very least one more downgrade to FY20 earnings coming, probably 2 or even 3 and if they do make any money this half its only because of profits in Q3 when most had already made their bookings and couldn't annul them. Q4 is going to be a total financial disaster for AIR, mark my words mate. The board will be tearing their hair out later this financial year wondering why they didn't see this coming and asking why they paid out the regular amount to shareholders....or maybe they don't do that and simply turn up with the begging bowl at the Beehive ?
Most excellent point their Mogul,and there in lies the real problem. It's one thing for a percentage of peps to worry themselves out of travel but the rest of us ( I genuinely fell bad for covid if it lands on me) have to consider getting "left " somewhere because a politician decides to "lock down".....and now at our own indefinite expense . Only that possibility makes someone as rudely fit as myself want to stay at home for now. Every one else will stay at home because they place themselves somewhere in between these two parameters.....that leaves no one with an un-impaired mind traveling just for pleasure.
While we only have AIR to vicariously watch (surely no ones here owns them at this point, right?), I'd hate to see what the cruise ship shares were suffering right now.
I am keeping my powder dry until its trading at a 50% discount to NTA, that's 76 cents, ex divvy NTA = $1.52.
The biggest problem with buying even at 76 cents is the prospect of a repeat bailout at 25 cents is actually not all that remote in my opinion. Average forward booking is ~ 3 months so that suggests this virus really starts to drill holes in their balance sheet from mid May 2020 onwards.
If things go really pear shaped does the Cullen Put still apply?
If the alternative means parliamentarians have to travel back to their constituency's by bus I say it does.
Boop boop de do
Marilyn
The cheapest price I paid for AIR was 84c and 87c in June 2012. Do you remember when AIR got into trouble many years ago and sp went down to 15c. It was only at that price for a very short time, and some character bought in one or three million shares, and the same day the government announced they were going to bail out AIR, and sp went back up about a dollar. Good profit for a day...$3,000,000, better than lotto:cool:. ps..I wonder if insider.
Planning a trip later this year? Chances are you won't be covered for any issues relating to coronavirus – even if you've paid for insurance.
A number of New Zealand-based travel insurers, such as Southern Cross, Tower and 1Cover, are not offering cover to travellers for anything related to coronavirus
https://www.stuff.co.nz/business/119...related-claims