AIR - Air NZ.

[Baa_Baa]

Luckily? the govt still has that big shareholding, an incentive to prop AIR up financially, if necessary.

Govt shareholder is last resort financier, for a price (% holdings), we saw how low the SP went before the govt stepped in last time. Holding 50% this time if it collapsed the govt surely would nationalise the airline, i.e. forced buyout all shareholders at some desperately low SP.

[winner69]

Govt shareholder is last resort financier, for a price (% holdings), we saw how low the SP went before the govt stepped in last time. Holding 50% this time if it collapsed the govt surely would nationalise the airline, i.e. forced buyout all shareholders at some desperately low SP.

After the bailout the govt owned 82% of AIR

[iceman]

Govt shareholder is last resort financier, for a price (% holdings), we saw how low the SP went before the govt stepped in last time. Holding 50% this time if it collapsed the govt surely would nationalise the airline, i.e. forced buyout all shareholders at some desperately low SP.

A good article in the Herald 4.5 years ago. SP not far off now where it was then so a nice little history refresher course https://www.nzherald.co.nz/business/...ectid=11508152

[peat]

After the bailout the govt owned 82% of AIR

and Key sold at $1.60 from memory. Too Keyn to get out he was but the right thing to do of course.

[dr_]

More domestic and international flights cuts by AIR due to corona beer.

https://www.stuff.co.nz/travel/trave...virus-outbreak

[Snow Leopard]

Cash and Short Term Deposits - spot the trend folks
June 2018 $1,343m
Dec 2018 $1,217m
June 2019 $1,055m
Dec 2019 $1,003m
June 2020 ??

The strength to withstand any conditions ?

Those that make the decisions made the decision some time ago (as in: I forget when and damned if I m going to go look for it) to reduce the amount of cash they held and it is this deliberate policy that the above trend is a result of.

This is one of the prime reasons for the current mismatch between current assets and current liabilities.

Historically AIR was at the more conservative end in this regard and even now, probably still is.

Probably best not to invest in airlines at the moment.

[BlackPeter]

Some airlines still planning for a better future, even if it involves more nightmares:

https://www.marketscreener.com/SOJIT...ices-30057087/

Not sure, though I would have purchased planes from the the maker of the well feared 737 Max ... but at least they avoided the Rolls Royce engines to go with them. This must be a silver lining.

[Snow Leopard]

link: China launches funding scheme to keep services flying through coronavirus

[Blue Skies]

Coronavirus & the daily media & internet drenching of hysterial headlines can make us a bit short sighted.

For those holding AIR, keep in mind looking ahead (& once there's effective medication for those who need treatment from Coronavirus which looks like only months away, or it naturally fades or vaccines produced ) air passenger numbers projected to double by 2037 with huge & the most growth in the Asia Pacific region & an extra 2.3 billion passengers for a total of 3.9 billion passengers in this market alone.

https://www.iata.org/en/pressroom/pr/2018-10-24-02/

[BlackPeter]

Coronavirus & the daily media & internet drenching of hysterial headlines can make us a bit short sighted.

For those holding AIR, keep in mind looking ahead (& once there's effective medication for those who need treatment from Coronavirus which looks like only months away, or it naturally fades or vaccines produced ) air passenger numbers projected to double by 2037 with huge & the most growth in the Asia Pacific region & an extra 2.3 billion passengers for a total of 3.9 billion passengers in this market alone.

https://www.iata.org/en/pressroom/pr/2018-10-24-02/

Sure ... though I doubt they considered in this analysis global warming and flight shame. Linear extrapolations are sometimes useful, but always wrong :

On top of that - one of their "working assumptions" to come up with this numbers was that the trend to globalization continues. I doubt that.

Anyway - I think the current discussion is more around whether it is more fun to buy AIR for $2.00, $1.00 or $0.50 per share. No matter how much or little you pay, you always end up with the same share of the airline which may or may not have a great future.

Why paying full price if you can get it some weeks later as well at a nice discount?