AIR - Air NZ.

[Nasi Goreng]

Think you may find its too late to grab the divi.....today is the ex-div date. Which is why the SP is 10cents lower automatically on the NZX

With the record date of 11/3/16 and T+2 in effect, close of business yesterday was when you needed to be holding to receive div. Share will trade ex-div as of open this morning.

I had it in my diary for tomorrow which was clearly wrong. I am holding so will get the dividend anyway. Onwards and upwards.

[Beagle]

Reserve bank's unexpected cut and signalling potentially more to come will turbocharge people's desire to hold high dividend yielding stocks. I expect many stocks to benefit including AIR.
It seems that finally Mr Wheeler has seen sense.

[Longhaul]

Reserve bank's unexpected cut and signalling potentially more to come will turbocharge people's desire to hold high dividend yielding stocks. I expect many stocks to benefit including AIR.
It seems that finally Mr Wheeler has seen sense.

Bernard Hickey also says ANZ expects 2 more cuts this year to 1.75%.

https://twitter.com/bernardchickey/s...86910408273920

Who would want to park money in the bank?

[percy]

Bernard Hickey also says ANZ expects 2 more cuts this year to 1.75%.

https://twitter.com/bernardchickey/s...86910408273920

Who would want to park money in the bank?

Better to own a bank than having money in the bank.!

[Mickey]

FYI

Qatar Airways has confirmed it will launch a nonstop service from Doha to Auckland by the end of the year.
The announcement ends speculation whether the Gulf airline would go ahead after its Dubai-based rival Emirates launched at short notice its own non-stop service to Auckland last week.


Qatar’s new daily service to Auckland will start on December 3 and will also assume the mantle of the world’s longest flight at around 18 hours.


The airline is a member of the Oneworld alliance, which will enable Qatar to join forces with American Airlines in a round-the-world deal through Auckland. American will resume flying to New Zealand with a San Francisco-Auckland service from June.

[Longhaul]

Roger, you might be able to help here....

What is the split of revenue between domestic and international flights? Had a quick look through the half-year docs but didn't see it.

[Beagle]

Thanks for asking what is a good question and you are right it doesn't appear they provide this analysis in the financial statements.
Looking through the analysts presentation however they disclosed they flew 2,465m RPK's domestically for an average yield of 27.5 cents per RPK which gives total sales of $677.9m.
Total passenger sales for the half year were $2.3b, (total sales incl freight and other were $2.698b).

Therefore domestic passenger revenue was 29.5% of total pax revenue and 25.1% of total revenue for the most recent half year.

Interestingly, $1.597b of the total revenue of $2.698b (59%) originated from N.Z. sales so us Kiwi's are a fairly parochial bunch as I may have suggested previously.

Hope that analysis helps with you thinking mate.

Interestingly just as an aside, its no wonder AIR are ordering heaps of the ATR600 aircraft as a pilot told me it costs very little extra to fly a sector with these 68 seater aircraft than it does with the 19 seat Beech 1900D's they're discontinuing shortly. Talk about a difference in seat mile costs ! Apparently the ATR600's are a really good bean counters aircraft

[winner69]

Roger, you might be able to help here....

What is the split of revenue between domestic and international flights? Had a quick look through the half-year docs but didn't see it.

For the last 6 months

Long haul $1.0 billion 44%
Short Haul $1.3 billion 56%

Higher long haul % in 2nd half

In AIR lingo short haul includes Trans-Tasman and I think Pacific Islands

Doesn't include cargo etc

[Robomo]

Its also interesting to note that the ATRs are now flying slower, presumably to reduce fuel consumption and general wear and tear. Auckland to Palmerston North a few years ago was advertised as 1 hour, then until a year or so ago it was 65 minutes, now its 70 minutes. Not really enough to make any significant difference to the average traveller but it does give some padding if the flight departs late (easy to speed up a bit and get there on time) and lower costs if all is going well with depature times.

[Raz]

Its also interesting to note that the ATRs are now flying slower, presumably to reduce fuel consumption and general wear and tear. Auckland to Palmerston North a few years ago was advertised as 1 hour, then until a year or so ago it was 65 minutes, now its 70 minutes. Not really enough to make any significant difference to the average traveller but it does give some padding if the flight departs late (easy to speed up a bit and get there on time) and lower costs if all is going well with depature times.

Yes have notice on regionals, if you do it for work on a regular basis you sure notice and no the dividend does not make up for it:-)