First impressions
Normalised earnings of 496m up 49%...add equity accounted back $29m loss on VAH gives $525m, bang in the middle of the recent guidance range of $520-$530m. EPS of just over 29 cps.
Final dividend of 9.5 cps gives fully imputed divvy's of 16 cps gives a gross dividend return of 8.4% with plenty of growth to come.
Tony Carter and Chris Luxon confident of significant earnings growth in the coming year.
11% planned RPK growth in the coming year.
3 new Dreamliners in Q1 FY16, total 6.
24% extra capacity Auckland to Queenstown...that put a smile on my dial...maybe we finally get some cheap flights to Queenstown...(surely one of the most beautiful and interesting places in the world).
Great result alright, all those extra Q/town flights both local and from Aussie should really kick in over the coming year, I mean even the upcoming Q/Town marathon is getting an extra 18 extra return flights alone to cater for race demand.PS-That was a sneaky top up Roger for a nervous guy like yourself.
Initial market response quite muted apart from the open, perhaps overnight digestion of results required or maybe just nervous sellers exiting due to the current climate?
Initial market response quite muted apart from the open, perhaps overnight digestion of results required or maybe just nervous sellers exiting due to the current climate?
Agreed, it's a shame the results had to come out during these times. Even a couple of weeks ago would have been better.
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