AIR - Air NZ.

[macduffy]

and come to think of it planes don't seem to fly much faster than 10 to 20 years ago

But air travel has got cheaper!

(Inflation - adjusted.)

[couta1]

Share price Not doing too much today is it

What's going on

Even Heartland is doing much better

You must work on patience there winner, anyway a relatively low volume day so doing just fine.

[Beagle]

and come to think of it planes don't seem to fly much faster than 10 to 20 years ago

You'd better sell now mate, they're going slower Bring back the Concord I say ! http://edition.cnn.com/2015/09/21/tr...?iref=obinsite Even the latest 787-9 Dreamliner has a normal cruise speed of 910 k.p.h. whereas the decades old 747 can cruise at 940 k.p.h. Its all about efficiency these days mate.

[Snow Leopard]

Bring back the flying boats - flying at less than 10,000ft for hours and stopping off at the coral islands on route.

Best Wishes
Paper Tiger

[Beagle]

Bring back the flying boats - flying at less than 10,000ft for hours and stopping off at the coral islands on route.

Best Wishes
Paper Tiger

When I visited the AIR exhibition at Te Papa I read that 75 years ago when the Solent flying boat first started its nine hour service to Sydney it cost half an average persons salary for a year for the first travellers to fly to Sydney and back, say about $25,000 return in inflation adjusted real terms, (assumes average N.Z. salary is $50,000 now).
Now you can fly there and back on special for a little more than about one percent of that (plus Govt taxes). Now that's what I call progress !!

[brend]

When I visited the AIR exhibition at Te Papa I read that 75 years ago when the Solent flying boat first started its nine hour service to Sydney it cost half an average persons salary for a year for the first travellers to fly to Sydney and back, say about $25,000 return in inflation adjusted real terms, (assumes average N.Z. salary is $50,000 now).
Now you can fly there and back on special for a little more than about one percent of that (plus Govt taxes). Now that's what I call progress !!

it comes up to auckland next month.

Will have to visit.

https://www.aucklandmuseum.com/media...-lands-in-2015

[Beagle]

Mate its well worth a visit.

[sb9]

Now that we've heard the earnings update from AIR management and how bullish they're about future prospects (FY16), the question I've is "are we likely to see this Kiwi bird overtake Qantas's sp ?"

[Beagle]

Now that we've heard the earnings update from AIR management and how bullish they're about future prospects (FY16), the question I've is "are we likely to see this Kiwi bird overtake Qantas's sp ?"

Unfortunately for the time being that ship has sailed which cuts to the heart of my frustration with broker analysis. Last Year's EPS for Qan 25 cps, AIR 29 cps. This year Qan 55cps and AIR consensus is now 47 cps, (which as I mentioned earlier is far too light, I will stick with 64 cps). Keep in mind AIR's SP is greatly affected by institutions which between them and the Govt own nearly 91% of the stock and institutions are guided a lot by official analyst forecasts. Somehow, don't ask me how, consensus view is that Qantas is immune to future oil price increases and competition issues such that FY17 forecasts and beyond are generally rosy and brokers arrive at a consensus value of circa $4.40. On the other side of the Tasman, notwithstanding that we occupy a close set of airspace and have generally closely aligned economies both being commodity economies of one sort or another brokers all think AIR is coming in for major oil price and competition issues going forward, (keep in mind Virgin operate in exactly the same space as Qan). They are different airlines with different dynamics but I would have thought they both are susceptible to broadly similar competition and oil issues but apparently not according to analysts....go figure ? I reckon Craigs are closest to the mark with their $3.40 12 month price target, (after a juicy special and ordinary final divvy)

[couta1]

Opens at $2.74, the pennies are starting to drop