This announcement worse than one of Jacinda’s announcements
Took ages of explanation before we got to the bit about how much they made or didn’t make.
https://www.nzx.com/announcements/367758
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This announcement worse than one of Jacinda’s announcements
Took ages of explanation before we got to the bit about how much they made or didn’t make.
https://www.nzx.com/announcements/367758
dont think things will ever return to same levels before covid for this company. people are getting used to zoom meetings now , less business travel. int travel take years to recover and unknown if ever back to same levels due to people becoming used to stay at home life
In the news yesterday that government plans stiff new travel taxes (something like a departure fee of up to $50 for flights to Australia and up to $340 for flights to Europe).
https://www.nzherald.co.nz/nz/touris...OBHNNI7M5HPZI/
I am sure this will help keeping (still) more people away from airports.
govt just confirms what i was saying about less visitors.
As NZ already has a departure tax the govt increasing it significantly means they see less people coming to NZ in the future so to maintain the books they need to increase departure tax significantly on the smaller number of people.
I really disagree with this. Increasing international travel has been a mega trend for the last 30 years (or more?). As people across the world become richer (another mega trend) they travel more. Further to the above in the last 10 years (since facebook/instagram became popular) I believe we have witnessed the beginning of another mega trend and that is the movement of discretionary spending from consumer products (e.g. fancy cars) to experiences (e.g. travel) that you can post about on social media.
Granted this MAY be offset by a reduction in business travel given our recent lockdown experiences. But I think it is a brave man to bet against the above mega trends.
Disc: don't hold AIR or AIA - but would at the right price.
Monthly Statistics compared to previous year will start to look better now
April 2021 Monthly traffic update preview
1,547.9%. Auckland Airport total passenger volumes increased by 1,547.9% in
April 2021 versus last year.
International passengers (excl. transits) were up 114.0%, transit passengers were up 36.1% and domestic passengers were up
by 5,586.3%.
:p
what does it take to just break-even though?
Suppose no change to guidance is good news in that the loss isn’t going to be more
But mikelee did mention ‘break even’ the other day …bit optimistic I fear
http://nzx-prod-s7fsd7f98s.s3-websit...893/349419.pdf
Share price must be up on an a proposal of a consortium to buy into Sydney Airport just announced today.
http://research.iress.com.au/IDS/old...091850000&ppv=
Yeah, big surprise.