AIR - Air NZ.

[forest]

Anyone else on here going to the annual meeting on Thursday ?

Roger I will be there, TIL and AIR AGM's walking distance apart with enough time between the meetings to check out the boat show.
Should be a good day, see you on Thursday. Forest

[see weed]

Anyone else on here going to the annual meeting on Thursday ?

Roger I will be there, TIL and AIR AGM's walking distance apart with enough time between the meetings to check out the boat show.
Should be a good day, see you on Thursday. Forest

AIR paid me about $80K Last fin. year which includes divs. The biggest surprise was the IRD also gave me $6k refund. So am thinking I better go to agm for a cup of tea

[Beagle]

AIR paid me about $80K Last fin. year which includes divs. The biggest surprise was the IRD also gave me $6k refund. So am thinking I better go to agm for a cup of tea

LOL mate. I'm putting in some big hours at work so I can have Thursday afternoon off for the AGM and the boat show. See you guys there.

[Raz]

AIR paid me about $80K Last fin. year which includes divs. The biggest surprise was the IRD also gave me $6k refund. So am thinking I better go to agm for a cup of tea

A refund..how nice...IRD had a full cut of my trading gains on AIR last financial year....our majority shareholder does very well out of it all...if my meeting finishes on time I will be at the AGM...don't know if I could afford a boat thou :-)

[Snow Leopard]

Price of Singapore Jet continues to trend up. Current price [I have] is $66.90 a sip.

Best Wishes
Paper Tiger

Now at $71.15. That is off the right hand side of AIR's fuel sensitivity chart (in the FY presentation).

Best Wishes
Paper Tiger

[winner69]

Now at $71.15. That is off the right hand side of AIR's fuel sensitivity chart (in the FY presentation).

Best Wishes
Paper Tiger

That's terrible news - not quite of the chart but they might need to add more labels nextbtime they use it

They were forecasting fuel to be $53m more than F17 (the $880m)

Jeez that chart says it could be $50m/$60m higher than that again unless the fuel price drops

Well that's the likely increases revenues almost gone

Maybe lower profits in F18 v F17 and v expectations

Might know more tomorrow

[Beagle]

Fuel costs are subject to collars below the current prevailing price and they are 80% hedged for the FY18 year. Oil could be spiking for any number of reasons at present including the number of U.S. refineries coming back online or the geopolitical tension with North Korea. The other quote to keep in mind is what our esteemed leader said in last year's conference call "oil prices and yield are inextricably linked".

[Raz]

Fuel costs are subject to collars below the current prevailing price and they are 80% hedged for the FY18 year. Oil could be spiking for any number of reasons at present including the number of U.S. refineries coming back online or the geopolitical tension with North Korea. The other quote to keep in mind is what our esteemed leader said in last year's conference call "oil prices and yield are inextricably linked".

A decent hedge policy so see no real concern at this point.

[Brain]

Is that a double top that has formed on Air's chart ? Maybe one of the T A guys can advise us.

[winner69]

A decent hedge policy so see no real concern at this point.

But that chart is titled 'Fuel Cost Sensitivity' - Impact on expected F18 fuel bill of $880m at different fuel prices inclusive of hedging

If fuel remains at US$71 (off the chart as PT points out) then fuel cold be $60m/$70m more than expected (budgeted)