Lion Air crash: Voice recording shows pilots scouring manual to fix fatal dive
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It will be sub down $2 before it pull back....just like sep 2016...I think...
IMO Undervalued and Oversold
GS TP NZ$2.74
Load factors are running about 1% ahead of last year. They saw some softness with local spend in their forward booking system and are looking to stimulate domestic leisure travel. Oil has been higher than their forecast but I think the market is already fully cognisant of that and its already in the price.
Your target price looks miles out of whack to me and I note average analyst target price is $2.58. https://www.marketscreener.com/AIR-N...407/consensus/
AirNZ doing east coast of Australia to USA from AU$729. Two things here:
1. Must be big overcapacity on those routes. They are just trying to fill planes
2. AirNZ is screwing Kiwis.