poor people who brought the stock for the 6c dividend , lost way more now
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poor people who brought the stock for the 6c dividend , lost way more now
If the tourism is going to drop next year thank God for the farmers.
A leading transport analyst expects domestic air tickets to continue to be discounted over the coming months as Air New Zealand grapples with falling demand.
https://www.1news.co.nz/2023/11/21/a...nd-stays-down/
down 19% since the one off div :scared:
Interesting chart …..US
Some bright spark says the gap could well be the excess deaths reported lately
https://www.bcdtravel.com/blog/bcd-r...in-new-report/
Air travel isn’t recovering consistently around the world. In some cases, demand or capacity haven’t returned to pre-pandemic levels; in others, the initial rebound may have ended, allowing more normal market conditions to resurface. As a result, the factors driving changes to airfares in 2024 will vary by market.
“Over the past two years, airfares have increased significantly,” said Jorge Cruz, executive vice president of Global Sales & Marketing at BCD. “As a result, using savings as a performance measure has been almost impossible for travel buyers. We advise companies to review their travel policies and their travelers’ booking behaviors to lower the overall cost of their travel programs.”
Still looking a bit tough for AIR …..H1 earnings about $200m v $399 last year
Includes that $45m of unclaimed refunds so really only about $150m …..assuming I interpret what they mean by include correctly
http://nzx-prod-s7fsd7f98s.s3-websit...376/409429.pdf
Hmm, not price sensitive because we had a nice wide range :t_up:
And don't dare extrapolate to the 2H which is looking "increasingly challenging". Is Air NZ a leading signal for the NZ economy?
Wonder if these unlikely to be used COVID credit things and going to be like a run off book in insurance. The gift that keeps on giving.
Should still be able to pay a dividend I guess.
Good to see more travel options on offer. Was Slim Pickens last year.
https://www.msn.com/en-nz/travel/new...95eb3917e&ei=9