AIR - Air NZ.

[bull....]

Agree...selloff of 4% looks a little overdone relative to all other airlines I follow which are generally down 1%. Welcome back mate.

no plenty downside left , that how cyclicals blow

[winner69]

Eval conspicuous by his absence

Probably maxing out the margin account and topping up at these level ..like he did at 320

[couta1]

no plenty downside left , that how cyclicals blow

Nothing to do with being cyclical atm, Geopolitical tension causing the sell off, and if war breaks out, the whole market will turn to custard, cyclical or not.

[Beagle]

no plenty downside left , that how cyclicals blow

QAN up 1 cent as I type and all the American carriers down overnight, (all those companies also cyclical airlines subject to the same geopolitical risk with North Korea that seems to be concerning some) about an average of 1% only. 4% drop by comparison for AIR in the short term looks a little overdone, just saying.

[Fatboyj]

Jumping in at $3.10. Trump - Un rhetoric will be gone over the weekend.

[mondograss]

Jumping in at $3.10. Trump - Un rhetoric will be gone over the weekend.

Possibly along with Guam?

[Hoop]

Nothing to do with being cyclical atm, Geopolitical tension causing the sell off, and if war breaks out, the whole market will turn to custard, cyclical or not.

Yes as you say there are negative factors in play against the global airline business....Couta..Cyclicals (airlines) are very sensitive to economic conditions and become volatile, so you have to add that as another factor for AIRs recent market correction too...Recent NZ data show a slowing of NZ economic growth greater than the RBNZ expected + the RBNZ fired a warning shot of a possible intervention to lower the NZ$ (markets don't like this uncertainty)...The NZ$ TWI dropping 2% in the last few days may not help the cause either..

Its not only airlines...Have you noticed the sudden emergence of cheap specials for cruise ships and peak holiday-time accomodation...It seems suddenly the holiday/travel market has gone soft..

Could be a temporary thing... but who knows...

[Beagle]

For what its worth I think the $799 special return fare to LA is just a temporary thing as American Airlines re-launch their service there in October. Normal pricing resumes tomorrow. For those that want take advantage apparently AIR are also doing a $749 fare only through Flight Centre and that deal also expires today.
AIR SP overreaction this morning was too tempting, topped up a few, (be greedy when others are fearful) Warren Buffett.

[winner69]

Jumping in at $3.10. Trump - Un rhetoric will be gone over the weekend.

Hope you got tens of thousands of them mate

[Raz]

For what its worth I think the $799 special return fare to LA is just a temporary thing as American Airlines re-launch their service there in October. Normal pricing resumes tomorrow. For those that want take advantage apparently AIR are also doing a $749 fare only through Flight Centre and that deal also expires today.
AIR SP overreaction this morning was too tempting, topped up a few, (be greedy when others are fearful) Warren Buffett.

This is on point..it was all expected...good buying to be had on the fares..especially the few school holiday tickets offered for next years april school holidays... also purchased back in after my stop loss sold off on holiday..that worked well..more good luck than management, oh well take the breaks...

As an aside, there is certainly tourism growth potential still in NZ, just needs to move away from the current Auckland centric focus..

https://www.stuff.co.nz/business/955...ers-and-planes

Statistics show an international visitor who flies into Auckland will spend just 1.5 days in the South Island, compared with 7.5 days if they fly direct into Christchurch, which is why the growing China connection is so important.