AIR Net profit per FY NZ$m
https://scontent-syd2-1.xx.fbcdn.net...e7&oe=5EA951B7
GFC hit during the 2008 FY, took 4.5 years for AIR to recover, I think realistic expectation are 5 years for AIR to recover earnings and business confidence with P/E ~ 6 and share price ~ $2.
My expectation is a national owned airline as per the successful examples of Qatar and Emirates, it's the only logical way airlines can proceed in the future given the ever increasing regulatory environments.
My question to you all is what would happen to the minority share holders, the Mum and Dad investors that have already purchased shares at $0.90 due to FOMO, will they be forced to close their position after the government debt to equity swap giving the crown ~ 90% ownership and then takes the extra step of becoming nationalised? Would they simply offer let's say $0.25 per share and would it be the obligation of the shareholder to sell?