Closed the week below $3 and low of the day as well. Punters obviously wanting to see at weeks end
Bad sign
Does $2.50 beckon
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Closed the week below $3 and low of the day as well. Punters obviously wanting to see at weeks end
Bad sign
Does $2.50 beckon
Me too when i sold above $3.15. Found it harder to sell; a little emotional guru ego monkey on my shoulder was saying dont sell, HOLD but the charting and some good posts helped rationality back on and the monkey off.;)
Must admit it was quite an emotional wrench for me to exit this one. Did adjust down my holding at $3.46, more a portfolio rebalancing exercise after a stellar run in 2017 but most went in the mid 320's. Now its done, its done and I am pleased and it feels like a cathartic experience. You can date this stock and don't have to be married to it. I still think they're a good well managed company and when risk abates and headwinds reduce and when the SP more correctly reflects the situation and outlook I'll be pleased to buy in again....but please don't ask me when or at what price, far too early to say. Little birdie told me today they are slowly working their way through their engine issues and resulting damage to one or two aircraft...part of the way through this but there's still quite a bit of this journey to travel. Hope they don't get any more failed engines in the meantime. One might speculate that seeing as two have failed their inspection program of the remaining in service engines is very intense !
Coming back from recent overseas trip, had the pleasure of taking Air Nz plane from Singapore to Auckland.
Flight was at full capacity, nice service, meals and smooth flying....no worries, all hunky dory.
Good that you escaped without another engine failure and more damage to another wing.
Speaking of coming back from trips, one wonders (seeing as there's been no changes on 4traders regarding profit forecasts), how analysts coming back from holiday's will react to events in recent weeks with AIR. Been some pretty significant developments since most departed for their holiday break. Probably too much to ask them to actully be proactive and make adjustments to their forecast of their own volition. I suspect they'll wait until the company itself gives guidance lower with the half year result in late February and then simply follow along with company guidance. Can't expect them to re-crunch their numbers over the holiday break and restate what "blind freddy" can see already and what's now starting to be reflected in the SP can we ?
Best guess another 50 cents to come off... over time...but perhaps best to not wait until the analysts tell you that lol.
Air NZ ranks well for fuel efficiency on trans-Pacific flights.
http://www.abc.net.au/news/2018-01-1...ction=business
Almost all of then are doing it now, cramming in more and more passengers into smaller and smaller tighter spaces. Customers are possibly their own worst enemies here as they're the ones driving the demand for more efficiencies. As an example earlier this week through Flight Centre AIR are desperate enough to be advertising return flights to Europe for as low as $1,399 for travel later this year. I got to thinking that its always traditionally cost about $2,000 - $2,500 to fly to Europe over the last 30 or 40 years economy class. Prices have therefore in inflation adjusted terms never ever been cheaper, so perhaps its airlines who are their own worst enemy as they pass on all of the savings of more efficient aircraft and more compressed seating configurations.
I am sure we all long for the good old days when there was heaps of legroom and flying was a romantic experience with truly great inflight service.
Interestingly I went on too the Reserve Bank's inflation calculator to compare a $2,500 economy class flight in 1978 forty years ago with what we should in theory be paying if the real cost hadn't changed and the figure is ~ $16,500. Emirates will fly you return business class to London for less than half that. My thoughts are that the good old days remain its just that you have to pay a proper price to enjoy them. Maybe people who value their health and want far less chance of DVT need to ante-up with their travel budget a bit ? AIR's business class is a lot more than Emirates to London, go figure on that one ?
Business / first class has a greater carbon foot print per passenger
Do away with this segregation and cram a few more passengers into that space wouldmake them more fuel efficient and lower carbon emissions (per passenger)
dont think likes of Raz would agree