AIR - Air NZ.

[Raz]

They must be having a long lunch

The result is right where informed opinion thought it would be, Rodger wanted to make a bet with him at 450, i wanted to take a higher or lower as that was my best guess as well, simply everyone thought would be mid-fours. Dividend not going to set the market on fire either so share price not getting the nudge one would hope. I think they have held a good amount back for future expansion and competition. I thought competition is on a number of minds which I thought came across on the analyst call.

[neyney2010]

Looks like they're all back from lunch and 'action' is happening

[Beagle]

Listen for yourself to the analyst presentation and conference call if you missed it live.

http://edge.media-server.com/m/p/f653wz2y

[Raz]

Looks like they're all back from lunch and 'action' is happening

What action is that??

[axe]

slide 6

[B747-419]

Vin, don't worry

Action will come after lunch - always does

Yea'h Right!!

[Tony Two Gloves]

Unfortunately there are to many sellers who are not reading this thread......

[vin]

The Cats Whiskers? More like Minx the Jinx

hahahah jokes mate.

[Biscuit]

Ah well, profit up 150%, share price down 2%, perhaps not what you would expect?

[Marilyn Munroe]

Marilyn blows a congratulatory kiss at Roger for his staunch support of Cullen Airlines.

The major future vulnerability of Cullen Airlines is the introduction of A380's on the North American routes. While threatening this unlikely because North American airlines who are the most likely competitors on this route have a "not invented here" prejudice against this aircraft.

What about sand state airlines you ask, they are everywhere why aren't they flying this route? The North American airlines are paranoid about sand state airlines and own the finest Congressmen that money can buy, so that is not going to happen.

My hope that Cullen Airlines would be sold by John Key to Eitihad is in a prolonged holding pattern with nowhere to land. Low oil prices mean the backers of sand state airlines have no cash to splash on acquisitions.

Boop boop de do
Marilyn