AIR - Air NZ.

[brend]

Highlights:
- Earnings before taxation of $457 million, up 132%
- Net profit after taxation of $338 million, up 154%
- Passenger revenue of $2.3 billion, up 16%
- Group capacity up 16%, with 84.4% load factor
- Operating cash flow of $541 million, up 43%
- Gearing at 53.8%
- Board approves fully imputed interim dividend of 10.0 cents per share, an increase of 54%.

[Jantar]

10 cents per share div sounds OK to me. Although NPAT at $338 M is possibly not quite as high as some had forecast.

[sharp]

Profit from ordinary activities after tax attributable to security holders up 154.1%

10c interim dividend!

Who's to hazard a guess as to what the final divvy will be?

[GR8DAY]

.......incredible set of numbers. Forecasting $800m plus F/Y. Fully imputed 10cps. More growth to come. What more could a shareholder ask for? Great work directors.

[winner69]

.......incredible set of numbers. Forecasting $800m plus F/Y. Fully imputed 10cps. More growth to come. What more could a shareholder ask for? Great work directors.

Forecasting $800m+ for FY (npbt)

Wimps

Rogers $1 billion is more like the real story

[winner69]

With FY eps likely to be 64 cents that $3 will be smashed big time today

[vin]

Stop saying that winner, I actually believe you have jynxed it haha.

Very surprised if the day finishes over $3.

[Nasi Goreng]

Earnings of 30cps with Air NZ banking 20cps after dividend ($200M+ cash retained which I think is wise for a cyclical). Full year earnings of around 60cps means forward PE of 5. This may be a peak in the cycle but this will be mouth watering for many investors. There looks to be more upside than downside potential here.

[Baddarcy]

Forecasting $800m+ for FY (npbt)

Wimps

Rogers $1 billion is more like the real story

Yes true, the forcast $400m+ for this half year and ended up with $451m, thou traditionally isn't the 2nd half usually a bit weaker than the first half ? (excluding last year !)

[Beagle]

Very strong result and more than satisfied with the outcome. Slightly disappointed with the dividend but obviously a big half of acquisitions with 3 new Dreamliner's arriving.
Big investment for the future with average aircraft age coming down to a remarkably low 6.2 years steadily as we work towards 2019.
8-10% capacity increase for Fy17.
Outlook to exceed $800m not including contribution from VAH is pleasing and exceeds consensus analyst forecasts. I still think $1billion inclusive of VAH is attainable this year and super low fuel prices really only kick in this half.

Company setting itself up for a big special divvy with the final. EPS 30.12 cps for the half.