Page 2 of the announcement - "The airline announces today that services to Seoul will be temporarily suspended from 7 March through the end of June."
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Disc: I sold a while back at $2.98 and managed to get a short position on this more recently.
I see it having the potential to test multi years lows established in 2016 of ~ $1.75
Thanks Hoop. Once we are eventually over the fear of flying with possible virus spread we have this sort of thing to "look forward too" as airlines claw back some profit https://www.nzherald.co.nz/travel/ne...ectid=12311083
No divie from AIR would stuff up Robertson’s Budget surplus expectations. (On top of lower AIRprofits)
Even worse if he had to stump up with a $100m at a capital raise.
Thanks for the questions and chart. I wish I had answers but only more questions.
Not sure why eps was so sluggish after the GFC ? Maybe it took people and business years to regain confidence again to spend money on flying ? Perhaps we can learn something from this history about how long it might take people to start travelling again after this virus, (assuming it becomes a world-wide pandemic which is looking more likely every day) ? If so, what are the implications for demand in FY21 and FY22 and earnings for those years if any ?
What do these risks suggest about the dividend outlook ?
Beagle me old mate
The June 11 year was affected by ChCh and Japan quakes and 'sustained high fuel prices'
Worth noting that big events like those quakes turned a half year npbt of $112m profit into a full year loss of $75m - things can change fast eh