AIR - Air NZ.

[Beagle]

Acting like a real dog this one, I swapped a 10k divvy for a 60k red arrow, not a particularly tasteful swap.Lol

The whole market is acting like a mutt with fleas, mange and worms. I guess the question is what happens to the 33 year old prince in charge of Saudi Arabia when it becomes obvious, (if it isn't already), that he was directly responsible for ordering the brutal killing of that journalist ? Does his 82 year old father appoint someone else when the whole world tries to sanction the Saudi's for this deplorable action or does the prince, (spoilt brat that's been wildly over indulged ?) give the fingers to the west and pull back on oil production and throw the supply demand situation for oil into complete disarray sending oil into the stratosphere ?

Like it or not the Saudi's have the power to cripple the world by withdrawing a massive part of their oil supply sending prices skyrocketing. There's a chance this thing gets even uglier than it already is and we all know airlines are massive consumers of oil.

[couta1]

You know things are ugly when the forum is as quiet as a church mouse bar a half a dozen posters.Lol

[BlackPeter]

You know things are ugly when the forum is as quiet as a church mouse bar a half a dozen posters.Lol

Well, maybe it is just the great weather outside ...

... posting from my deck chair in the sun ;

[Bobdn]

You know things are ugly when the forum is as quiet as a church mouse bar a half a dozen posters.Lol

Yes indeed.

[Jaa]

Like it or not the Saudi's have the power to cripple the world by withdrawing a massive part of their oil supply sending prices skyrocketing. There's a chance this thing gets even uglier than it already is and we all know airlines are massive consumers of oil.

I don't think this is quite correct. Saudi Arabia has a large budget deficit, high unemployment and an increasingly restless and mostly young population. They can't afford to turn off the taps. They need to sell oil to get the money to keep the population happy and avoid an Arab spring like movement.

Not just now either, but over the next 10-20 years, the last thing the Saudis want is another big price spike that further encourages investment in alternative oil sources and non-oil replacements that would depress the oil price long term.

[sb9]

QAN quarterly update across the ditch looks pretty good. Should help sentiment.

Disc - not a holding

[Beagle]

QAN quarterly update across the ditch looks pretty good. Should help sentiment.

Disc - not a holding

Down 23 cps now, just over 4% to A$5.39. Haven't read it but there could be something in there the market isn't especially keen on ? I guess the worry is outlook both in terms of the oil price and what might happen to demand if the market gets even more bearish.

[Marilyn Munroe]

Queer and Nasty Airlines report higher revenue and higher fares.

https://www.smh.com.au/business/comp...25-p50bt5.html

Boop boop de do
Marilyn

PS> Oops sb9 beat me with his post.

[Beagle]

https://www.nzherald.co.nz/business/...ectid=12148774 Back to the future. Meals and baggage included in the price.

[Beagle]

But now the divorce from Virgin is final AIR are firing back with the first round of the acrimonious ? competitive battle. https://www.airnewzealand.co.nz/auss...FdOhaAodtLMAEg
$149 to Aussie, cheap as chips.