WELL next Friday 4th May 2007 BRICKS returns to NSW yet again to try his luck on the market and leave behind his new Mazda and return to the Commodore this time will trip to Brisbane to see whats going ON.. [8D]
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WELL next Friday 4th May 2007 BRICKS returns to NSW yet again to try his luck on the market and leave behind his new Mazda and return to the Commodore this time will trip to Brisbane to see whats going ON.. [8D]
Doubled!Quote:
quote:Originally posted by rmbbrave
Not too far away from doubling my dosh.Quote:
quote:Originally posted by rmbbrave
http://www.stuff.co.nz/3956643a13.html
The jobs of 1850 Air New Zealand front-line staff are up in the air as their employer weighs up contracting out the work they do to a Spanish firm. Alan Wood reports.
Air New Zealand's proposal for front-line work to be outsourced to a consortium led by Spanish firm Swissport created an uproar among ticketing and baggage and service staff when it was announced in October.
But if Air NZ's turbulent staff-management is set aside and the airline is judged by its share price alone, it is on the right track, analysts note. Its shares are close to recent highs. The shares closed yesterday up 3c at $2.19.
And I bought in at 1.43
TRY selling a large number at these prices and see how weak the stock is in turn tumble current t/o numbers are low all that is needed is one institute to pull the PLUG.. don't WAIT.. [8D]
AIR NZ's chart is looking pretty good. Its broken out of its trading range on April 20th and has tested the upper line a few times since, so its seems to have found good support.
44 million went through pre market this morning at 270.
Qantas off loaded.
Would this translate into QF diminishing hope of code-share with Air NZ.[?][?]
DID the sun come TODAY.. [8D]Quote:
quote:Originally posted by Viking
Would this translate into QF diminishing hope of code-share with Air NZ.[?][?]
[quote]quote:Originally posted by BRICKS
DID the sun come TODAY.. [8D]Quote:
Originally posted by Viking
Would this translate into QF diminishing hope of code-share with Air NZ.[?][?]
[/quot]
[:I] Though freezing~ the sun shines particularly bright in this freezing winter day~
O well, there will be a blood-bath considering all the airlines operating in this region, and most noticible the EK (Emirates) who just bought all the naming right of a couple of big visible events~ Team NZ in the America's Cup, the Melbourne Cup~
Not very good news for Air NZ... though the good thing is they are code-sharing with Air China from 01JUL~ may help their strentch into China~
Why cant i find the air thread -- the cross-eyed puppy will delete this if someone comes up with the old one.
i'm surprised at the drop in AIR, and assume it is because of the chartered flights carrying soldiers to Kuwait. Is this the small investors' ethics vote?
i note, however, that the slide began three months ago. surely the quarterly ~7% increases, and the announcement of buying four 777s didn't contribute.
i sold over half my air last week, and am looking to buy back in -- when i can get to the bottom of the slide. i've been overseas for over three months -- can someone tell if there've been any fundamental changes. cheers scamper.
Air NZ getting a pasting based I guess on the prospect of competition on the domestic side of their business down now below $2.00 from $3.2 earlier on in the year Darnnnnn!!
I think though the basic business structure maybe healthy~ but proves that the industry is very volatile~ and airlines these days quite vulnerable to the environment changes...
I see AIR has been sliding for the last three months.
announcements in the last month have included the impending puchase of four 777s, ~7% increases for the period, and the charter revenue.
could this week's slump be ethics driven, with some investors selling in protest over the charters of aussie soldiers to kuwait. To me Air's moves sound like clever grabbing of money-making opportunities.
i guess the prospect of domestic competition my be chilling to some, but let's face it, that has happened before, and when the dust has settled, Air's still flying.
sold half my holding last week, but will be watching to buy back in. Scamper.
Probably more to do with the report in today's Dom-Post (and on www.stuff.co.nz) about looming competition domestically. Story tips Pacific Blue (a Branson creation) to start flying within NZ, followed potentially by Jetstar with Tiger Air (Singapore air offshoot) another possible starter.
My comment: I find it hard to believe that there are 3 possible players looking at NZ domestic market. AIR has seen off all comers -- Ansett, Qantas and Origin Pacific, should there really be worries about any others.
I guess any competition will erode their market share, hence the price drop.
May still be flying but domestic is Air New Zealand's main, number one, primary, substantial, consistent profit centre. Domestic competition wont put them out of business but they will inevitably loose traffic and will be unable to increase yield to compensate. Virgin are cunning operators and even more cunning marketers. It has been a golden period for AIR domestic over the last 12 months but the market knowns things are about to change.
Todays 9% plunge is merely the continuation of a pre-existing downtrend. Technically, the writing has been on the wall for AIR since June, when most of the various indicators plotted here triggered simultaneous Sell signals. This chart is unusual, in that the trendline break was the last indicator to fire. Most commonly it is one of the first to be triggered, generally just after the OBV.
The chart shows how a trailing stop based on the Average True Range is slightly superior to one based on a simple percentage fall.
Current holders of this stock must be totally oblivious to the use of basic technical indicators. The OBV sell signal could hardly have been more obvious, quite apart from the confirmation provided by other indicators.
http://h1.ripway.com/Phaedrus/AIR822.gif
http://www.sharetrader.co.nz/showthr...t=1088&page=15
I hope that the above should take you to the existing thread scamper
Rob Fyfe is quick off the mark today:
http://www.nzx.com/market/market_ann...pany?id=152463
Air New Zealand Limited (NS)
AIR
22 Aug, 2007, 15:04
MONTHLYAir NZ Investor Update Issue 36 (Jul-07 Operating Stats)
CONTENTS
- July market conditions
- New aircraft deliveries
- Annual results announcements
- Company announcements
JULY MARKET CONDITIONS
July trading was strong, with 6.7% growth in passenger numbers across the Group compared to the same month in 2006.
Within this, our long-haul operations experienced significantly higher activity than in July 2006, carrying 154,000 customers (10.8% more than July 2006). Total Revenue Passenger Kilometres were 1.4 billion, an increase of 11.4% year on year.
Passenger load factor was 82.2% across the Group, an improvement of 6.2 percentage points compared to the same month last year.
Load improvements were equally pleasing in short-haul and long-haul, with improvements of 6.9% and 5.4% respectively. Short-haul load factor improvement against last year continues to reflect the rationalisation of the Tasman / Pacific Islands schedule. Stronger loads for our long-haul operation were predominantly driven by Asian routes, including Hong Kong and Shanghai.
July 2007 group-wide yields were 0.2% higher when compared with the previous period. Short-haul yields were up 3.0% on July 2006, while long-haul yields were 1.0% lower.
A summary of load factors for the month of July follows:
-Short-haul passenger load factor increased 6.9 percentage points to 78.4% when compared to July 2006.
-Domestic passenger load factor was up 2.6 percentage points to 76.3%
-Tasman / PI passenger load factor was up 8.9 percentage points to 79.5%
-Long-haul passenger load factor was up 5.4 percentage points to 85.0% when compared to July 2006.
-Asia / UK passenger load factor increased by 9.0 percentage points to 81.9%
-North America passenger load factor increased 4.4 percentage points to 87.2%
Could the slump be due to Helen Clark's bashing of Air New Zealand over the chartering? Perhaps investors are pricing in further losses due to the prospect of more government involvement in the company.
No, its to do with a very large global player entering into the domestic market as a major player.... Wouldn't read much more into it than that I reckon...
There's definitely room for another player, but will take a while for the dust to settle from this I suspect
Having said that, there are some big sellers in the market at the moment and when they have gone and when AIR announce their annual result and some new domestic initiatives next week,I think there may be a bit of a bounce in the share price. I'm back in for a while at 2 bucks.
Competition!
Pacific Blue to take off with $39 fares
| Thursday, 23 August 2007
Australian airline Pacific Blue has ushered in a new era of competition in New Zealand skies, offering $39 special fare flights on trunk routes in this country.
Flights will lift off from November 15, reporters were told today as more details were revealed about the move, which puts Pacific Blue into direct competition with Air New Zealand and Qantas.
Intitially the carrier will fly on key trunk routes: Auckland-Wellington, Auckland-Christchurch and Wellington-Christchurch.
There would be five direct daily return flights from November 15, the airline said.
The $39 fare was a special sale fare, one-way, purchased on the internet.
Hard to compete effectively with only five services a day and now the market has the facts it doesn't seem so worrried. Nice to see the share price up 4-5% on the Virgin news.
214,000,000 net profit divided by 1,051,682,560 shares = $0.203 earnings per share
804,191,058 owned by the NZ government = $163,639,574.30
divided by 4,233,889 = $38.65 NZD per New Zealander or $27.35 USD
Total GDP per capita of Malawi = $161 USD
Proportion of mean Malawian GDP represented by profit attributable to each citizen or permanent resident of NZ from the just announced AIR NZ profit: %17
I think we're doing ok
How much lower can it go? At $1.29 it's looking cheap to me .
-Have to agree going off ASB securities AIR have some great fundamentals
low P/E-4.8 High yeild-11.57% NTA-93c this time last year mid $2
-But with there greatest cost being fuel and the slowing economny, though record amounts of NZ'er are using AIR to leave NZ
- may look at taking a position at these levels would be a good hedge to all of my Oil&Energy shares
Lighten up Bricks. Don't take everything so literally. CJ gave a big wink with his contribution.
You seem to attack every poster rather than contribute to the discussion.
No, QOH, no buy signals yet. Worse than that, right now, the latest AIR price is $1.27, breaking below the previous support at $1.29/$1.30 that was starting to look a little bit hopeful. Of course the Close may be different.
This is a clear, simple chart showing TA working very nicely indeed. See the early entry signals. Note the excellent agreement between the 8 indicators featured here. See how they all fired off Sell signals very close together when the 8 month uptrend ended. Note how they all got you back into AIR when it rallied strongly in September - and got you out again when the rally fizzled out. See how current price action is well below levels needed to start triggering Buy signals. If the Close today is below the marked previous support, that is Bearish, of course.
To me, the most striking feature of this chart is the Big Money (assumed to be the "smart" money) getting out right at the top back in June. Didn't they time that to a nicety? It always pays to keep a very close eye on what the big boys are doing. It is not unreasonable to assume that they know a lot more than mug-punters such as you and I do.
http://h1.ripway.com/Phaedrus/AIR423.gif
Why did you feel it necessary to say that Biker? I have contributed AIR charts on this thread - on page 13 and again on page 15, for example. I do sometimes start a separate chart thread on some stocks to avoid stepping on the toes of the dedicated FA boys. Charts often seem to upset them, for some reason!
I appreciate your charts. You've made me keep my fingers off the buy button for today.
Phaedrus the big money was Qantas selling down their holding if I remember correctly. I wouldn't call them a smart investor divesting. They did of course achieve a good price in hind sight but would think it was more accidental.
Whoever it was and whatever their reasons, any big seller will depress the market.
Originally Posted by biker
Why start a new thread Phaedrus?
..............Why did you feel it necessary to say that Biker? I have contributed AIR charts on this thread - on page 13 and again on page 15, for example. I do sometimes start a separate chart thread on some stocks to avoid stepping on the toes of the dedicated FA boys. Charts often seem to upset them, for some reason![/QUOTE]
Phaedrus I posted that in Sept last year when you had opened a new thread 'AIR 50cents saved is 50cents earned' and since this thread has been running since sept 04, I couldn't see why you didnt continue to post here.
Disc. bought Air at $2 back then, watched it move around a bit, took the dividend and got out.
A shame to see a company in good shape, crippled by the price of fuel. If the oil price continues to rise, as the current hedges run out Air's profit must surely continue to fall to the point of in 12 to 18 months actually making bugger all.
I agree, JBmurc, possibly useful as a hedge against oil stocks, but it has dropped over 7% since your last post. The frustrating thing is that if the oil price drops significantly Air will do very well. It now has its ducks in a row. Interesting to see a company with a turnover approaching 5 billion dollars heading towards a situation where it may become barely profitable.
If oil goes higher and stays high indefinately, I think there will be some significant changes in routes and fleet sizes.
don't know if that would be that great of hedge if the oil price falls NZO will fall and AIR would rise -personal like to buy some AIR because of this reason still how low can they go.
-like to buy a out of favour high yeild NZX share with AIR having a large yeild ?? or maybe TEL (chart looks better)
Can you see AIR bringing in charges such as these?
More airlines could join American in imposing bag-check fee
United Airlines and three other large US carriers are considering whether to join American Airlines in charging travellers US$15 ($19) to check one bag as fuel bills soar.
UAL's United is "seriously studying" the fee, the first of its kind in the US, spokeswoman Robin Urbanski said yesterday.
Delta Air Lines, Northwest Airlines and US Airways Group said they were evaluating the idea.
B(e)ware have cut AIR valuation by 20%, wants punters to sell. And here I was beginning to have grave doubts that shooting off my mouth too quickly on the other thread will mean I may not get to top up after all.
AIR is a good indicator of where LABOUR sits in the polls....both lemons
Looks like a breakout of the trading range on good volume!
AIR has support at 108...it began the rally from this level the last time after it bottomed out in 2006 before tripling in 2007.
A break of the overhead resistance at 130 would be bullish too...
Things are improving, yet sentiment deteriorates. Which will win? Much as I hate it, reduced holding today ...
BRICKS returns to Oz on the 5th AUG after his winter stint in NZ but this time flying QANTAS so why well AIR has cut out 4 flights to SYDNEY smart move and its the peak hour flight of 4.15 PM time to up the numbers on other flights, Fly QANTAS..
This long-term AIR chart provides 3 perfect textbook examples of volume confirming price. Take a look at the 3 highest volume days of the last few years (the tallest bars in the volume histogram at the bottom of the chart) See how, without exception, these came just after what turned out to be the extreme limit of the preceding trend and after trendline breaks had triggered buy or sell signals. In other words they provided clear and unmistakable confirmation of the preceding signals.
At first glance, this chart might appear to show 3 "price/volume climaxes" as shown for NZO here but if you look more closely you can easily see that they are quite different in that the volume peaks came a week or more after the price peaks/troughs.
http://h1.ripway.com/Phaedrus/AIR725.gif
Those who, like TB "have been trying to seek evidence for a long time whether TA should be a valid share investment decision making tool" might like to note the following TA principles that are illustrated by this chart.
See how support was found at $1.09. This is the same level exactly to the cent as was found two years previously. The market has a long memory.
See how marked increases in volume tend to occur at around significant turning points.
See how the On Balance Volume indicator provides excellent and timely confirmation of trendline break buy/sell signals.
See the folly of buying and holding long-term - AIR is right back to where it was many years ago.
See how slightly more active investors (making just a single trade in 3 years) can gain superlative returns from the same stock.
See how, while the trailing stops gave reasonable entry/exit signals, they generally lagged well behind all other indicators (including the many oscillators featured in previous AIR charts on this thread).
Yeah yeah, I know.......... Warren said never touch airline stocks - but look at the opportunity you would have missed by following that dictum!
That chart should be in a text book
Perfect TA
Better than understanding the shareprice/volume relationship Mo? I disagree strongly! Take a look at the attached chart and you will see why. It is quite obvious that the relationship between AIR and the price of Oil is too loose for the price of Oil to provide any useful guide as to whether/when to buy/sell AIR.
THE cause?? Mo, there are many reasons why AIR would be accumulated or distributed, or why the shareprice would rise or fall. While we may be aware of a few of them, there are plenty more that are outside our knowledge. The shareprice, however, reflects the sum total of all that is knowable about AIR. That's why buy/sell decisions based on the shareprice are demonstrably far superior to those based on the price of Oil - or any other single factor.
We all accept that the price of Oil has an influence on the profitability of airlines and thus the performance of airline stocks - but it is only one factor of many. In any case, whatever effect the price of Oil has on AIR is already built into the shareprice and there is no need to re-apply it. In fact, this would be counterproductive because you would then be overemphasising the influence of oil prices on AIR.
Mo, I don't believe you are seriously suggesting that "understanding the oil price/airline relationship" is a better tool for trading AIR than understanding the price/volume relationship. I am forced to assume that this must be another of your "wind-ups"! Right?
http://h1.ripway.com/Phaedrus/AIRoil726.gif
Sure Mo - just so long as you view it as a favour, not as a "bite"!
AIR has formed a "Pennant". These are usually a short-term consolidation pattern - in other words, the breakout is most commonly upwards. They have a failure rate of 19%. (Bulkowski considers a failure rate above 20% to be unacceptable.) Keep in mind here that the highest failure rate you can have is 50%. The volume trend during the pennant is typically down as shown here by the magenta line.
These formations can be profitable short-term investments, but you must be nimble and attentive to take full advantage of them.
Technically, you have jumped the gun by selling before any downward breakout, but I am sure you have your reasons.
http://h1.ripway.com/Phaedrus/AIR85.gif
I don't put all that much faith in pennants. Its 19% failure rate is too close to Bulkowski's "unacceptable" error rate of 20% for my tastes. For all that, I don't see why the pennant can't simply be redrawn if you wanted to (see below). To my mind, this is equivalent to redrawing support at (say) $1.90 when previous support at $1.92 was broken by a couple of cents - or redrawing a trendline to take in a new peak that had previously penetrated it by just a few cents.
http://h1.ripway.com/Phaedrus/AIR811.gif
AIR is not in an uptrend until/unless it Closes above $1.28 and it is not in a downtrend until/unless it Closes below $1.23. In the meantime, it is essentially trendless. A significant move in the price of oil would probably shift AIR out of its current congestion zone.
I notice there is a big seller at $1.30.
The pennant broke down today.
http://h1.ripway.com/Phaedrus/AIRpen.gif
While this does have Bearish connotations, there is no downtrend as yet. Friday's Close was at $1.23 - exactly the level of previous support on 29/7/08. A Close below this would mean a downtrend though. (It would give a lower Low after a lower High)
Yes Phaedrus, I concur! Penant can go either way usually before the triangle forms.
But this one has shown its direction and will at least retrace to 1/2 the previous pole rise.
My pick being that of prev resistance of around the $1.16 mark.
A good buy on the rumour sell on the fact, just posted a reasonable growth in this weekends Press.
The Bear
Will see on monday KB.
That $6 drop in oil should restrict that movement for time being.
I've heard from a couple of people, who have some credibility, that Air New Zealand have been doing due diligence on Pacific Blue in Australia. This is presumably with the aim of increasing their presence within NZ's biggest inbound tourist market.
After the Ansett debacle I guess Air NZ would have to be very sure of their ground, however the concept of having a big stake in the domestic OZ market is still very attractive in my opinion. At the current PacBlu price, now might be an attractive time to buy in.
As an AirNZ employee thats news to me!
But we do have a GR8 relationship with VB & Pac Blue doing their A/C heavy maintenance in Christchurch.
No, don't hold any VBA but do hold AIR. If Air NZ did buy a controlling stake in Virgin Blue my guess is that it would have minimal impact on share price.
The move by the world's big airlines (British Air, American Airways, Iberia etc) to form megacarrier alliances reinforces that the future will lie with a few giant carriers with nothing much left for small independents.
Grow big or die.
My sources are in Air New Zealand. Can't say that anything is happening for sure but there are some pretty strong nudge/ nudge/ winks going on. I've also had a bit to do with the engineering in Christchurch so am aware of the relationship with VB and PB maintenance - which seems to be going well.
The sharemarket is all about rumour and innuendo anyway isn't it?
2 partriges in a pear tree!
We don't think the government especially near election time will allow their money to go into another Aussie airline ailing.
We were working on a Pac Blue A/C in the early hours of this morning coming out of heavy maint - Pulling out the stops trying to get it ready for its early departure. Thats how close we are with these guys, many of their guys are ex AirNZ that we previously worked alongside. It was news to them as well as their rep!
My take is that we will probably align ourselves more and more rather than Qantas, as their engineers across the ditch are not working on our A/C any longer due to their ongoing industrials. So we have to put our engineers over in Aussie Airports to support our movements
Regards The Bear
Thanks Bear, I'm hopefully catching up with one of my 'informants' (office based) in the next couple of days so will be interested to get an update on what he thinks.
Cheers, Robo
There seems to be significant support at approximately 1.08 both recent and historical. I understand that when such strong resistance is broken it generally means a big breakout. Is the same true of support - ie the longer more historical the support the more likely it is to hold?
Not really. In fact, the further back in history the support was, the less relevance it has to current price action. What is generally accepted as the best measure of the strength of support is the number of times it has been tested and held.
The more recently and longer the period of time that prices have traded in a support area, the more significant that level becomes.
The more times that support holds, the less likely it is to be broken and the more dire the outlook if it is broken.
http://h1.ripway.com/Phaedrus/AIR911.gif
Thanx Phaedrus,
I have tried to upload a file so I hope it works. If it doesn't, I have drawn a trend line which seems to touch on the pennant as well ...
So, is one, ie the trend line or the support line, more significant than the other? ie would one buy on support or wait for a break above the trend line?
Sorry,
forgot to save it after I drew the line.
MAQ upgrades AIR to outperform and the sp drops... LOL
J Beware have them as a sell with a target of 1.07
Acting on the basis on any single signal in isolation is generally not considered to be good practice. In point of fact, neither of these buy signals would have much hope of any great follow-through in the absence of significant volume. One way to follow volume is by the use of an indicator such as the On Balance Volume as plotted here. The OBV would need to rise above the blue line for AIR to be doing anything of significance. So. we have 3 possible entry signals arising from this chart. It really is up to the individual to decide how to manage the mix, but here are a few suggestions :-
(1) A gung-ho supporter of AIR that was itching to invest may well buy up large on the basis of the first signal to fire - whichever one it was.
(2) A more cautious, conservative investor might wait for all 3 to trigger before committing any money at all.
(3) Buy as soon as any two signals have been triggered.
(4) Buy in three separate tranches, investing 1/3 of your allocated AIR investment funds as each indicator triggers.
http://h1.ripway.com/Phaedrus/AIR911tl.gif
mosteph, think you are having a confusion...
Sir P. has always recommended log scales -- trendlines are not useful otherwise.
i cant see a single hint of silver lining, now or in the near future, in the air chart.
i suspect winning this election might be a hospital pass as far as air is concerned. cheers.
We have the choice of using a Linear trendline currently sitting at $1.15 or a Log trendline currently sitting at $1.19 - an insignificant difference in my opinion. There is, however, another consideration. I'm sure I don't need to tell you that the more times a trendline has been tested, the more confidence it inspires and the more significant its penetration.
Which trendline would you recommend we use here - the Linear or the Log?
http://freefile.kristopherw.us/uploa...us/air91ll.gif
Bought some AIR shares @ 1.08 today. Final trigger for me was the large increase in US airline stocks overnight (10-20%).
I am a FA investor due to lack of knowledge about TA more than anything. Phaedrus, thanks to you and the charts above I am slowly beginning to learn what TA wise to look for, which is a start.
The thing that impresses me most about Air NZ is the constant route optimisation they do to maximise profits. This was a lesson the airline learned well from the Ansett debacle where rumour has it they literally had no idea which routes were making and losing money.
Both the systems they now have in place and some nimble management seem to allow the airline to change gears very quickly to changing circumstances. Witness the constant chopping and changing on the Tasman route and the recent use of smaller 777s in place of 747s on the London route.
If you must invest in an airline, IMO, AIZ is the best out of AIZ, QAN,and VBA. At a pinch they could pay off their long term debt with 4 years of earnings, mind you liabilities are catching up to their assets and return on invested capital? About 8.3% FY08. If Cap/Ex are increased to the average, the return on investment falls to 6.18%.and 5 years of earnings will be needed to knock off the long term debt.What are bank deposit rates in NZ?
I note the Cap/Ex were a lot less than the Depreciation. GM in the US had a similar situation where depreciation exceeded Cap/Ex.for a number of years. hmmmm
cheers:)
How low will AIRNZ go? Sp just hit $1.00!!!
Anyone out there brave enough to dip their toes? SKol where are you?
They are gettin' cheap but airlines are notoriously volatile stock I bought about 3 years ago at $1.45 and then topped up at $1.10 got out at $1.70 something, not been game to get back in since but they are looking tempting.
96 cents... game over!
But what makes up most of that $1 share in cash .... prepaid fares ..... promises to fly people somewhere .... so it is not really company/shareholders cash is it
Remember a few years ago that AIR CEO from Aussie raving about the $1 billion in cash ..... broke a few months later I recall
I dont think zombies can afford to fly away on holiday these days. Airlines and luxury goods will go first. Will AIR survive?
MELTDOWN a new word on TV well yesterday was a "Meltdown Day"
so will today be a "Melt up Day" take your PICK...
BRICKS returns to NZ on the 12 Nov for the XMAS break and looking at the share price
today they offer FREE shares on the plane as a Xmas Box because they are so cheep @ 89 cents who dares to BUY..
Me. Violating the Warren principle alas. Oh well.
How cheap can it get? POO due for a long term retrace, has to be good for AIR? People still have to fly, we're not leaving by boat just yet. Oversold IMHO.
Mr D.
Commerce Commission up to their old tricks of springing surprises. Air NZ the target this time no warning, no consultation.
Just prosecution action out of the blue.
The time is way overdue for this mad woman Rebstock to go.
BDLBOM did they not with Quantas settle the same charges with the American authorities or is it still pending. If management did not consider there would be charges laid here as well. The sooner they are removed from management of Air NZ the better
The inference is that either BA, Qantas or both were co-operating with the authorities regarding the so-called cartel.
AirNZ have stated that they have not been engaged by the commission for three years. That is a worry in itself!
It will be interesting to see what evidence actually exists.
Disc: Not an AIR holder.
WELL that cant be wrong AIR is at its bottom and so is everything else so wot
a better time than to BUY and build up the portfolio as the smoke is just about
to CLEAR..