AIR - Air NZ.

[Robomo]

Still no sign of those op stats for June, may be Eval can shed some light

It may be that the accounting department have had to expand the column width in the spreadsheet to accommodate the increase in numbers. Held up whilst the IT department tell them how to do it.

[winner69]

Still no sign of those op stats for June, may be Eval can shed some light

Eval did get his dates mixed up in the excitment

Anyway he is en route to the Big Apple (AIRpane of course) to see his Morgan Stanley mates

[see weed]

Good move -ADRs on the US market

That'll be attractive for those seekingalpha disciples


Another boost for AIR share price.

see weed reporting from Whagamata club. Not much talk on these ADR's from last weeks announcement. Not to sure on how it works, assume it makes it easier for Americans to buy up blocks of AIR shares. There won't be many left to buy if that's the case. Correct me if I'm wrong.

[hardt]

Implied 0% growth rate from 2017 onwards = (35(8.5+0)*4.4/3.5)/100 = $3.74

Implied 1% growth rate from 2017 onwards = (35(8.5+2)*4.4/3.5)/100 = $4.62

Aren't their earnings supposed to decline over the next 3-5 years?

[BlackPeter]

Implied 0% growth rate from 2017 onwards = (35(8.5+0)*4.4/3.5)/100 = $3.74

Implied 1% growth rate from 2017 onwards = (35(8.5+2)*4.4/3.5)/100 = $4.62

Aren't their earnings supposed to decline over the next 3-5 years?

Maybe you should add some examples with negative growth. Remember - tourism and air travel are very cyclical - and currently at the peak.

[winner69]

Maybe you should add some examples with negative growth. Remember - tourism and air travel are very cyclical - and currently at the peak.

IATA forecasting / projected continued growth over next 5 years - at 5%pa from memory

[Beagle]

IATA forecasting / projected continued growth over next 5 years - at 5%pa from memory

Exactly and AIR's more carefully disciplined growth rate is expected to match that and as they grow the company sustainably they leverage further efficiency from their ~ $600m per annum fixed cost base.

[BlackPeter]

IATA forecasting / projected continued growth over next 5 years - at 5%pa from memory

Just remind me - how accurate have been these IATA forecasts in the past - predicting economic downturns (e.g. around 2007) and more so key events like e.g. 9/11 or some of these volcanic activities? Did they predict that all ? Any of it?

[mikeybycrikey]

Implied 0% growth rate from 2017 onwards = (35(8.5+0)*4.4/3.5)/100 = $3.74

Implied 1% growth rate from 2017 onwards = (35(8.5+2)*4.4/3.5)/100 = $4.62

Aren't their earnings supposed to decline over the next 3-5 years?

Any chance that someone could annotate this for me? Currently it doesn't mean much to me.

[winner69]

Just remind me - how accurate have been these IATA forecasts in the past - predicting economic downturns (e.g. around 2007) and more so key events like e.g. 9/11 or some of these volcanic activities? Did they predict that all ? Any of it?

Bit like the building cycle eh - activity goes up and down like other cyclicals and many get it wrong

But you have to make some ssumptions about the future when you take a punt on a company. don't you?

As your hero says "Prediction is very difficult, especially about the future" My hero Yogi Berra said something similar