Will be interested to see if Qantas's just announced A$2.7 Billion loss, will sober up some of AIR current shareholders this afternoon.
Printable View
Will be interested to see if Qantas's just announced A$2.7 Billion loss, will sober up some of AIR current shareholders this afternoon.
https://www.nzherald.co.nz/business/...ectid=12358047 Read it and weep. Excerpt "The impact of Covid on all airlines is clear. It's devastating and it will be a question of survival for many".
A VERY bad sector to be invested in for the foreseeable future. AIR reports next Thursday. Good luck to shareholders, you're going to need it :eek2:
I think the chances of a substantial capital raise at a deeply discounted price being announced contemporaneously with the full year result next week are quite high.
https://www.nzherald.co.nz/business/...ectid=12358616 Pay-walled
"The airline — led by Walsh — has been advocating for months now to its 51 per cent shareholder (the Government) that it should step up and lead a capital raise to restore the company's balance sheet". Walsh is the new Chairperson.
I think there's at least a 50% chance a substantial capital raise will be announced on Thursday this week along with the annual result.