AIR - Air NZ.

[Balance]

https://www.marketwatch.com/story/ai...tes-2020-05-26

Airline stocks are soaring.

[BlackPeter]

https://www.marketwatch.com/story/ai...tes-2020-05-26

Airline stocks are soaring.

Well, looks like an uptrend to me - and very relevant to world wide air travel:

https://www.worldometers.info/corona...s/#daily-cases

Airlines are currently driven by the same fundamentals as crypto currencies.

[traineeinvestor]

Nowhere near enough to stop the haemorrhaging but it's a little but of good news:

https://www.newshub.co.nz/home/trave...-schedule.html

[gbogo]

Jardens new lower target of 84c.

[Beagle]

LATAM files for bankruptcy protection. Not really what frequent travellers between South America and Oceania want to hear, after AIR pulling out
https://www.reuters.com/article/us-l...-idUSKBN2320GT

All the best with getting home mate.

[Beagle]

Jardens new lower target of 84c.

That will be their 12 month price target so with no dividends for the foreseeable future that suggests fair value now given an appropriate equity risk is 84 less 10% =75.6 cents.
3 analysts rate it SELL https://www.marketscreener.com/AIR-N...407/consensus/

Jarden expect AIR will need to tap into the Govt loan by sometime in this coming Oct - December 2020, (FY21), quarter and are predicting a loss for the current financial year of over $700 million ! (followed by another big loss in FY21) https://www.nzherald.co.nz/business/...ectid=12335179

[Beagle]

You hope for the best yet plan for the worst, oh thats right the Government will not allow the worst so don't have to plan for that. Cashflow wise revenue will recover yet cashflow will lag given how quickly people want to offload their credits. We are not getting the full financial picture for a reason. Headcount numbers have not changed to date from initial number suggested. i can tell you if this was a public list company in the US, with no union contract restraints the loss of jobs would be way higher at the minute. Look at what Qantas has done in comparison even with a unionised work force. There is political inertia.

Yeap, 25,000 of the 30,000 work force redundant or on leave without pay. Very impressive considering the strength of Australian unions. CEO and senior management on no or severely reduced pay. Qantas is a company being run impressively and appropriately for the current conditions. AIR is being run like a social welfare department for the elite. Too big to fail. Foran with have Grant Robertson on his speed dial.

[Cyclical]

Yeap, 25,000 of the 30,000 work force redundant or on leave without pay. Very impressive considering the strength of Australian unions. CEO and senior management on no or severely reduced pay. Qantas is a company being run impressively and appropriately for the current conditions. AIR is being run like a social welfare department for the elite. Too big to fail. Foran with have Grant Robertson on his speed dial.

Qantas need to also send a clear message to potential Virgin investors that there will be some stiff competition for those the dare take them on, not just some bloated kangaroo. Air NZ probably still think they are immune from such a threat...time will tell.

[Panda-NZ-]

Airlines are currently driven by the same fundamentals as crypto currencies.

Yep the QAN craze is pretty rediculous. plenty of new investors thinking they have better predictions than everyone else. It seems to be the new sportsbet/TAB.

[Chinesekiwi]

Thank you to all who sent PM's and comment after my last post.

After getting the boot I decided to drive (not fly lol) the daughter back to Vic Uni in Welly and make a road trip of it.

Spent a little in many of the small towns along the way - sharing the love, felt fun yet an almost futile gesture given the tsunami of damage coming our way.

Air NZ is a good employer and more than a company - an institution perhaps. I hope in time a better version of itself reemerges, one that is invest-able but that won't be anytime soon.

Foran and his team need to address why if LWOP is not put in place why 9000 stay on the payroll when operating at 10% or less capacity and with a grim ongoing outlook.
The 3500 gone or going are in large numbers the front line operators (pilots, airport managers, outstation operators, crew, engineers etc) whose numbers will re grow proportionately as operations kick up - the expense will roll back in (aligned with revenue).

QANTAS have already showed how to put an organisation to sleep so to speak. Air NZ is only now discussing furlough outcomes some 8 weeks into a Pandemic.

Air NZ always used the word nimble - bloated and stumbling may be more apt today.