AIR - Air NZ.

[Beagle]

So virus impact $75m and counting ...and that’s assuming a significantly lower fuel cost (just as well for that)

Operating earnings now guessed at $275m ....and going down fast

http://nzx-prod-s7fsd7f98s.s3-websit...842/317306.pdf

Totally expected and I would think this is just the first of several downgrades to the 2020 outlook. Not surprised they are seeing reduction in demand on the Tasman and domestically and would expect demand will materially soften right across their network. I would think once they have worked their way through all those who booked before this virus and prepaid their tickets, unless there is a vaccine for this virus new bookings will be substantially lower they will be running at a loss.

[bull....]

Too early bull....that would be a suicide

yes. something to plan for in time ahead

[Sideshow Bob]

So much for cheap flights - I booked a flight this morning to get to a meeting next week. ZQN-CHC over $600.

More fool me - should just drive......

[winner69]

So much for cheap flights - I booked a flight this morning to get to a meeting next week. ZQN-CHC over $600.

More fool me - should just drive......

Cutting flights to and from ZQN I hear

[Snow Leopard]

Flight Centre says its sales to Asia are down 5 per cent following the coronavirus outbreak, with its travel suppliers offering special sale airfares to other parts of the world.
The travel agent said its airfares to China were down 75 per cent, as it had expected following the advent of Covid-19,but the outbreak had had only minimal effect on bookings to the region

https://www.nzherald.co.nz/business/...ectid=12310065

So if you look at air and what flight centre are saying. air nz impact to date is really all about china travel mostly in there downgrade. so the strategy is to buy air for the rebound in china travel ? if you think its a short term issue

Link says you can get "Return flights from Auckland to Barcelona with Etihad Airways for $1199":

if you come for the sixth of March you can buy me a drink .

Meanwhile FY20 EPS is $0.20. Cut the dividend or postpone some new aircraft ?

[Beagle]

So much for cheap flights - I booked a flight this morning to get to a meeting next week. ZQN-CHC over $600.

More fool me - should just drive......

Lovely drive that one...some of the best roads in N.Z.

[Beagle]

Link says you can get "Return flights from Auckland to Barcelona with Etihad Airways for $1199":

if you come for the sixth of March you can buy me a drink .

Meanwhile FY20 EPS is $0.20. Cut the dividend or postpone some new aircraft ?

I think they will keep the dividend the same as a "show" of financial strength but I don't think this is prudent as I think its crystal clear the storm coming could involve some very extreme turbulence.

[bull....]

Link says you can get "Return flights from Auckland to Barcelona with Etihad Airways for $1199":

if you come for the sixth of March you can buy me a drink .

Meanwhile FY20 EPS is $0.20. Cut the dividend or postpone some new aircraft ?

a targeted ad for the travelling leopard

[winner69]

Last time AIR was making profits around the $200m mark it’s shareprice was sub $1.50

[winner69]

Share price showing remarkable resilience

Probably punters saying phew not too bad after all ....and it’s all going to be over soon so no worries