AIR - Air NZ.

[Jaa]

They haven't used all of the loan as yet. Dame Theresa said at the AGM in late September, they were $100m in, and using at a rate of $65-85m per month. As far as I can see, there has been no mkt update since then.

So by the time of the HY results, they should be somewhere a little less than $500m.

HY will be ugly.....just need to look at the operating stats. Expect they'll announce the capital raise at HY??

Not. A. Holder.

Rational thoughts in the AIR thread, always a nice change. I suspect that monthly loss has been declining month on month as their cost saving initiatives add up and revenue increased through the peak flying season.

People continuously forget that while Air NZ is an international airline, the majority of its profits are earned flying domestically. This business is 70-80% in tact. Unlike many of their competitors which is a huge competitive advantage.

I said it before and I will say it again, $1b rights issue at $1 a share.

[xp04]

Was flying AKL to CHC and AKL to ZQN during last month. On all occasions planes were full.

[Blue Skies]

Problem solved, what could possibly go wrong under his leadership

Blue Skies - That's a surprisingly miserable timeframe to use your credit. I thought they extended credits another year ?

Apologies Beagle, you & Zaphod are right, the Covid credit extended to June 2022. On the phone call I didn't catch the 2022.

[Blue Skies]

Does anyone know if the money received for flights which are cancelled due to Covid and credited for future travel, is accounted for when received or not until the service is provided?
i.e. is it a current credit but a future debt?
I remember the frequent flyer rewards program became a huge headache for airlines in the US & possibly elsewhere, when they had to be added to the balance sheet as a debt until the service was provided.

[Sideshow Bob]

Was flying AKL to CHC and AKL to ZQN during last month. On all occasions planes were full.

December op stats - down from 85% last year to 81% passenger load factor. Xmas and all that expect would drive alot. Financial YTD 76.4%, down from 84.8%

339506.pdf (nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com)

But Financial YTD:

- Passengers carried 55% down from previous year
- Revenue Passenger Km's 86% down from previous year
- Available Seat Km's 81% down from previous year
- Passenger load factor - 53.7% down from 84.3%

Govt airfreight scheme is another form of Govt prop-up for them.....

[xp04]

December op stats - down from 85% last year to 81% passenger load factor. Xmas and all that expect would drive alot. Financial YTD 76.4%, down from 84.8%

339506.pdf (nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com)

But Financial YTD:

- Passengers carried 55% down from previous year
- Revenue Passenger Km's 86% down from previous year
- Available Seat Km's 81% down from previous year
- Passenger load factor - 53.7% down from 84.3%

Govt airfreight scheme is another form of Govt prop-up for them.....

We did not have Covid in December 2019, did we? Domestic numbers do not look that dramatic

[Beagle]

December op stats - down from 85% last year to 81% passenger load factor. Xmas and all that expect would drive alot. Financial YTD 76.4%, down from 84.8%

339506.pdf (nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com)

But Financial YTD:

- Passengers carried 55% down from previous year
- Revenue Passenger Km's 86% down from previous year
- Available Seat Km's 81% down from previous year
- Passenger load factor - 53.7% down from 84.3%

Govt airfreight scheme is another form of Govt prop-up for them.....

That's a real shocker.

[nztx]

Anyone looking at forward short term prospects & taking up any AIR Cap Raise rights would
possibly need to get a new Shrink for their current Shrink ..

[Waltzing]

flying the new air bus not the AIR 787 going back to copenhagen.

[Beagle]

https://www.nzherald.co.nz/business/...GFNB5I6BW5TEA/ Paywalled
Air New Zealand would need to raise as much as $1.5 billion to repay the Government loan, top-up working capital and cover the cash it needs to keep going until the border reopens. That's the base case of analysts at investment bank Jarden who have a sell rating on the national carrier's shares.