AIR - Air NZ.

[biker]

Large volume went through at the close. Share price closed at 69.5c up 3.7% VWAP 69c with over 4.3 million shares crossed for the day. Going well.

[BlackPeter]

Large volume went through at the close. Share price closed at 69.5c up 3.7% VWAP 69c with over 4.3 million shares crossed for the day. Going well.

Index rebalance day? It was the third Friday at the last month of the quarter ...

[Rawz]

https://www.nzx.com/announcements/399195

The CEO Greg Foran is going to be rich(er)!!! He must have made half a mill capital gain already on his purchases?

Air New Zealand has continued to see strong forward sales over the first three months of the financial year, particularly for travel through to January 2023 and continues to operate approximately 70 percent of FY19 capacity. On the basis that this forward sales strength continues over the coming quarter, with similar capacity and assuming an average jet fuel price of approximately US $130/bbl, the airline currently expects earnings before taxation and other significant items for the first half of the 2023 financial year to be in the range of $200 million to $275 million.
The airline notes that fuel prices remain highly volatile and that this is one of many factors that have the potential to slow our recovery and significantly impact earnings. Additionally, demand in the second half of the financial year remains highly uncertain.
On this basis and taking into account global recessionary risks and other macroeconomic factors including inflationary pressures on costs, the airline is not providing full year guidance at this time. The airline strongly cautions against extrapolating first half FY23 earnings guidance to the full year given the many uncertainties in the trading environment.

[causecelebre]

https://www.nzx.com/announcements/399195

The CEO Greg Foran is going to be rich(er)!!! He must have made half a mill capital gain already on his purchases?

And of course his remunerative "at risk", i.e. stock, is based on the performance of AIR relative to the international airline market

[Grimy]

I received an email from them yesterday saying the time to use flight credits has been pushed out another year - book by 31/01/2024, fly by 31/12/2024.
The wife says I'll be booking tickets well before then.........

[causecelebre]

I received an email from them yesterday saying the time to use flight credits has been pushed out another year - book by 31/01/2024, fly by 31/12/2024.
The wife says I'll be booking tickets well before then.........

Jetstar similarly a week ago or so

[biker]

https://www.nzx.com/announcements/399195

The CEO Greg Foran is going to be rich(er)!!! ……………….

He may not be the only one.

[ordop]

Biker, congrats on picking this one up and running with it. Looking back a few pages, you've been a keen supporter of it as a cyclical stock even when quite a few were bagging it. As you say, being prepared to take on a bit of risk and increase ones wealth via the sharemarket. 37% return on at least some of your purchases in 2 months (54cps - 74cps)!! Well done for following your conviction.

[Vitamin_A]

I have just come back from the US and then a domestic flight with AIR. We were packed in like sardines on all four sectors. Particularly the long haul with nearly 300 pax there was not one seat available. Even AKL-WLG was completely full. I thought at the time, AIR must be making a fortune.

[Dassets]

Don't forget the $185m of MIAC for 2023 and that more than 100% of the earnings are non-cash, ie credit usage. MIAC finishes June 2023 and won't be extended.