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21-11-2017, 10:16 AM
#12541
Originally Posted by Beagle
Agreed. Pleasing to note RPK YTD excluding currency factors increased from +2.1% last month to +2.8% this month. Gives grounds to support management's optimism expressed at the recent annual meeting. Also pleasing is their fuel hedge position which is currently just over $USD29m in the money. Its never a good thing to see oil prices going up like lately, (but as long as yields increase, which they are, that's fine) and they have good level's of hedges in place worth over $42m Kiwi net of costs.
Business appears to be in good shape. Newly configured brand new Dreamliner starts services to Houston in December. Also announced so many different awards that I lost count.
The stats and hedge update show the resilience of the business; good to see in a world where oil costs are likely to rise over the next few years.
Still not sure whether there's a "step change" disconnect between oil price and airline value, but stats like this help!
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21-11-2017, 11:24 AM
#12542
Originally Posted by Beagle
Also announced so many different awards that I lost count.
because there are so many different awards out there...nothing more than a PR sham. The next award will be from a weetbix box.
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21-11-2017, 12:41 PM
#12543
Originally Posted by brend
because there are so many different awards out there...nothing more than a PR sham. The next award will be from a weetbix box.
I know you're a good guy but I think that's more than a little harsh. Granted there is a wider proliferation of awards these days but some of the awards AIR has been getting are from long standing organizations that have been assessing these sort of things for a very long time. Its not a lucky dip mate, you win these awards by being very good at what you do. http://nzx-prod-s7fsd7f98s.s3-websit...680/270154.pdf
Last edited by Beagle; 21-11-2017 at 01:40 PM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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21-11-2017, 01:17 PM
#12544
First month this financial year that long haul revenues been ahead of prior year
That's good
Last edited by winner69; 21-11-2017 at 03:36 PM.
”When investors are euphoric, they are incapable of recognising euphoria itself “
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21-11-2017, 02:55 PM
#12545
Up, down or drifting sideways; the future POO is hard to appraise
Originally Posted by Beagle
....Also pleasing is their fuel hedge position which is currently just over $USD29m in the money. Its never a good thing to see oil prices going up like lately, (but as long as yields increase, which they are, that's fine) and they have good level's of hedges in place worth over $42m Kiwi net of costs....
The more they spend they more they save .
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21-11-2017, 06:14 PM
#12546
Big players playing pass the parcel today.
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22-11-2017, 09:46 AM
#12547
http://www.nzherald.co.nz/business/n...ectid=11946154
Outlook for tourism is very good in my opinion. Lower dollar helps too and fortunately for AIR the vast majority of their fleet modernization was completed when our dollar was stronger. Gross dividend yield at current price provides a (21 / 311.5) / 0.72 = 9.4% return + special(s) in due course when the capex program is finished.
http://www.sharechat.co.nz/article/1...es-leavinghtml
Tourism growth still trucking along strongly.
Last edited by Beagle; 22-11-2017 at 11:28 AM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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22-11-2017, 05:19 PM
#12548
Wonder if this article helps explains Air NZ's late run today...not released to the market here yet, but was obviously issued from the US during their night...
http://www.4-traders.com/AAR-CORP-11...-rep-25547074/
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22-11-2017, 07:47 PM
#12549
Originally Posted by winner69
First month this financial year that long haul revenues been ahead of prior year
That's good
That was enough for me to buy in...
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22-11-2017, 08:41 PM
#12550
Originally Posted by Raz
That was enough for me to buy in...
Pretty key indicator eh
”When investors are euphoric, they are incapable of recognising euphoria itself “
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