Probably be okay on the Auckland Islands too, as long as not too many Aucklanders actually go there lol. https://en.wikipedia.org/wiki/Auckland_Islands
Printable View
Probably be okay on the Auckland Islands too, as long as not too many Aucklanders actually go there lol. https://en.wikipedia.org/wiki/Auckland_Islands
https://www.nzherald.co.nz/business/...ectid=12314629
Bookings for March drying up according to Tourism New Zealand.
Guidance was really optimistic so not guessing anymore ....but dividend will still be paid
http://nzx-prod-s7fsd7f98s.s3-websit...581/318334.pdf
Don’t blame Greg for sort of blaming the media for creating these turbulent times ...“We have been continuously monitoring bookings and in recent days have seen a further decline which coincides with media coverage of the spread of Covid-19 to most countries on our network as well as here in New Zealand,” says Mr Foran.
totally expected if you dont know what the virus going to do how can any company predict earnings. be the last dividend paid for quite some time i imagine , dividend hunters are going to get severely burned
Yeah, I mentioned last week I expected they would withdraw guidance altogether. At some point very late this financial year you may see them come out and soften the market up for an overall loss in FY20, yes that's my updated view on this, they could lose more in 2H than they made in 1H).
Chief Executive Officer Greg Foran says that it is increasingly clear that Covid-19 has created an unprecedented situation and it is difficult to predict future demand patterns.
“
This obviously suggests this is worse than 9/11.
It is an interesting coincidence that after the Govt Bailout of the airline after 9/11 senior staff took a 15% pay cut. AIR also lost thousands of staff then.
All senior staff right across the airline earning more than $150K should do the right thing and accept a 15% pay cut until this thing is over. Extending a pay freeze when head office senior staff are so incredible generously paid is a weak response. At least Greg Foran did the right thing, good on him. Others should follow his example.
Absolutely ridiculous paying out the dividend in the current circumstances. Sends the wrong message to staff at AIR. Almost everyone, (except say workers earning less than $100K) should be taking a 15% haircut to their pay in the circumstances including shareholders.
Question. "How can you achieve a very, very large dividend % return"? Answer. "Buy a share that is normally returning a very good dividend, but buy it when it has become leprous due to temporary conditions that will return to normal in due course." Dividend hunters can see the long term gains outweigh the short term burn IMO.
the cold hard facts are if you are a air shareholder your going to lose a lot of your investment in the months ahead. until a virus cure is found or some other thing works
Last AR said there were 23,000 ‘investors’ with less than 5,000 shares
Would hurt a lot if they stopped divie
A fair proportion of AIRs Exec huge bonus payment is tied to the AIR shareholder returns relative to a global airline index.
So as long as the AIR shareholders don’t lose as much as shareholders of other airlines they might still get a bonus.