WOW... AIR... $1.09.... Low just around the CORNER.. [8D]
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WOW... AIR... $1.09.... Low just around the CORNER.. [8D]
I'm picking up a few at these levels.
Still a bit of a punt in my view,but a positive decision on the Tasman code share(anyone hear Cullen's mocking comments yesterday on Wellington airport's unrealistic bleating?) and the possibility of the Airport monopolies being induced to get real on pricing,may start exposing a bit of the embedded value in this outfit.(IFT and AIA looking a bit weak today?)
Yeah IFT took a hit alright. Longer term I like the look of them but will wait till some things settle.
AIR - balance sheet looks good so maybe a punt is worth it but again things are still to settle in that industry
Disc: some AIR, in the red :-(
THE GURU says " Wait and See "[settle]" Know people that have Died saying THAT.. [8D]"Quote:
quote:Originally posted by Gryffyn
Yeah IFT took a hit alright. Longer term I like the look of them but will wait till some things settle.
AIR - balance sheet looks good so maybe a punt is worth it but again things are still to settle in that industry
Disc: some AIR, in the red :-(
and todays commotion is another example of the problem with AIR. One might have thought that the Origin debacle would have offset the latest hysteria but there you go.
WHAT commotion & hysteria please tell for us poor soles on the other side of the WORLD.. [8D]Quote:
quote:Originally posted by Gryffyn
and todays commotion is another example of the problem with AIR. One might have thought that the Origin debacle would have offset the latest hysteria but there you go.
air must be mightily pleased that they have set up a full London via Hongkong deal.
in spite of being an airpoints person, my last trip via Los Angeles was about 10 years ago, and i swore 'never again'.
since then i've always flown air to singapore and then the cheapest alliance partner to europe, thus reducing the number of airpoints gained.
absolutely nothing was worth the three hours in a cage that LA required, preceeded and superceeded by 12 hours in a tin tube...[xx(]
cant wait for the HK stopover deals to come in, and then it's airpoints all the way, without a paranoic american official in sight.:)
BRICKS had NO trouble at LA but things have changed in ten years NZ & AUS are very welcome now with the one all 3 month Visa straight through to next flight just don't throw your weight around as seen by some people, just help YOUSELF and all will be FINE.. [8D]Quote:
quote:Originally posted by scamper
air must be mightily pleased that they have set up a full London via Hongkong deal.
in spite of being an airpoints person, my last trip via Los Angeles was about 10 years ago, and i swore 'never again'.
since then i've always flown air to singapore and then the cheapest alliance partner to europe, thus reducing the number of airpoints gained.
absolutely nothing was worth the three hours in a cage that LA required, preceeded and superceeded by 12 hours in a tin tube...[xx(]
cant wait for the HK stopover deals to come in, and then it's airpoints all the way, without a paranoic american official in sight.:)
Bricks, let us know the next time you are entering the country and I will be sure to let my friends at customs know to give you the best treatment rubber gloves can buy.
DEAR moe you could not pull a rubber glove OFF.. just keep hoping one day you mite even FLY.. [8D]Quote:
quote:Originally posted by moe
Bricks, let us know the next time you are entering the country and I will be sure to let my friends at customs know to give you the best treatment rubber gloves can buy.
AIR NZ are now contemplating outsourcing clerical jobs to FIJI.
It seems clerical staff work for $6000 a year in fiji. Maintenance done in china now this. Why dont they go the whole hog and rename the company. MICKEY MOUSE AIRLINES SPRINGS TO MIND. I hope they dont claim to be the national carrier after this. macdunk
They were supposedley doing that with various divisions in the late 90's when I worked there duncan. What I saw during the 9 years I worked in the Financial systems dept was always always cost cutting (in your face...) but stupid expenditure in other ways. Sack lots of people then hire them back 6 mths later as consultants on 3x the pay... happened so much it was unbelievable.
The airline industry is something I would not advise most people to be exposed to in any portfolio, super high beta factors, too many unpredictables, and thin margins that blow up in a nanosecond.
stuff.co.nz:
Air New Zealand reported a 47 per cent drop in net profit today, blaming sharp fuel price increases.
»LISTEN TO AUDIO CLIP
Chairman John Palmer told a media briefing that while "this is not the result we would have liked to have achieved" it was a "respectable result" given the business environment.
The airline said net profit after tax was $96 million, down 47 per cent, while profit before tax and unusuals was $150 million, down 36 per cent.
Airline chief executive officer Rob Fyfe unveiled a strategy to make the airline grow and expand, saying it was the only way they could survive.
Air New Zealand shares were unmoved at $1.13 following the announcement.
The board declared a fully imputed final dividend of 2.5 cents per share, and said it expected to maintain present dividend flows.
Operating revenue for the year was $3.8 billion, an increase of $189m or 5 per cent over last year, Air NZ said.
As a result of a 6 per cent yield improvement, passenger revenue increased $179m or 6 per cent to $3.1b. Included in the passenger revenue increase was a $24m negative foreign exchange impact.
Other external revenue increased $10m or 1 per cent to $746m. A $62m increase in freight revenue was partially offset by reductions in external engineering revenue, due to higher internal engineering (747 refit) and maintenance requirements.
Higher fuel prices led to total expenses, excluding borrowing costs, increasing by $253m or 7 per cent to $3.7b.
Listen to Air New Zealand chairman John Palmer outline the company's big profit fall.
I'm with you on that.Quote:
quote:Originally posted by peat
The airline industry is something I would not advise most people to be exposed to in any portfolio, super high beta factors, too many unpredictables, and thin margins that blow up in a nanosecond.
Being one of 'resident' Belgs big investments/tips/multiple winks, its amazing you never see him on AIR threads anymore;)
funny that, wink wink
thought it was very strange at the time for someone predicting energy doom and gloom to invest in an airline...and so it has become.
funny little man.