sharetrader
Page 53 of 1007 FirstFirst ... 34349505152535455565763103153553 ... LastLast
Results 781 to 795 of 15091

Thread: AIR NZ

  1. #781
    Senior Member Marilyn Munroe's Avatar
    Join Date
    May 2010
    Location
    Hollywood
    Posts
    657

    Default 787 etops

    Air NZ is due to take delivery in the near future of the troubled Boeing 787.

    It is likely that the US Federal Aviation Authority will decline to extend ETOPS certification to this airframe.

    This is a certification which allows twin engined aircraft to operate an extended range from the nearest airport. An airline which operates extended oceianic routes would need such aircraft in its fleet to operate efficiently If such a certification is not availiable I would expect this to have a material effect on Cullen Airlines earnings
    Last edited by Marilyn Munroe; 28-03-2013 at 01:03 PM. Reason: spelling

  2. #782
    Senior Member
    Join Date
    Nov 2001
    Location
    , , New Zealand.
    Posts
    1,050

    Default

    Quote Originally Posted by Marilyn Munroe View Post
    Air NZ is due to take delivery in the near future of the troubled Boeing 787.

    It is likely that the US Federal Aviation Authority will decline to extend ETOPS certification to this airframe.
    I think it is highly unlikely that the US Federal Aviation Authority will decline to extend ETOPS certification to this airframe.
    It is not due here until June next year.
    With the 787-8 having had another year of operation by then, the -9 should have no problem with ETOPS certification.
    Last edited by biker; 28-03-2013 at 02:41 PM.

  3. #783
    Senior Member
    Join Date
    Apr 2008
    Location
    auckland
    Posts
    1,252

    Default

    why is AIR droping sharply today?

  4. #784
    Senior Member
    Join Date
    Nov 2012
    Location
    Auckland
    Posts
    1,358

    Default

    I was a little surprised by the drop too. The media came up with these explanations:
    1. High nz dollar means less tourism. Also mean lower fuel price for AIR.
    2. Institutions raising funds for MRP.
    3. Poor US lead (on friday)

    I've used the opportunity to top up. The last 2 Monthly reports give me a lot of confidence that even the highest analyst revenue expectations will be exceeded. This should translate into earnings estimates that exceed expectations as well.

  5. #785
    Member
    Join Date
    Oct 2011
    Posts
    131

    Default

    I see that Jetstar's habit of offering bad service is catching up with them

    http://www.stuff.co.nz/business/indu...to-poor-demand


    They may be cheaper than AIR but as someone who has been stung by Jetstar more than once with delays and inconvenience. I don't even consider them an option when planning a flight so I don't even bother checking their prices.

    Should be good for AIR

  6. #786
    Senior Member
    Join Date
    Jun 2005
    Location
    , , .
    Posts
    763

    Default

    Air New Zealand's trans-Pacific plans for operating Boeing 787 Dreamliners have hit a major problem with an announcement in Washington that rules over how far they can fly from an airport are unlikely to be extended.

    As the rule for Extended Twin-engine Operations (ETOPS) now stands, Air New Zealand will not be able to fly its new Dreamliners direct from Auckland to the United States or Canada without a stop or a significant route change.

    http://www.stuff.co.nz/business/indu...plans-hit-bump

  7. #787
    Guru
    Join Date
    Feb 2005
    Location
    Auckland
    Posts
    3,164

    Default

    Quote Originally Posted by moosie_900 View Post
    Ouch! That's what you get for buying into something ANTICIPATING that the rules will change. Tsk Tsk AIR!
    Given the delays for Dreamliners, they could probably sell to European airlines who aren't effected by the rules and make a tidy profit.

    I am pretty sure I read ages ago that that is how Virgin airlines earned all its money in the early days - not from the flights but buy selling their place in the queue to buy new planes.
    Free delivery worldwide with Book Depository http://www.bookdepository.co.uk

  8. #788
    Senior Member
    Join Date
    Nov 2012
    Location
    Auckland
    Posts
    1,358

    Default

    AIR just announced earnings expectations for the year. Ahead of average analyst forecasts by quite a margin

  9. #789
    Member
    Join Date
    Oct 2011
    Posts
    131

    Default

    Quote Originally Posted by noodles View Post
    AIR just announced earnings expectations for the year. Ahead of average analyst forecasts by quite a margin
    Yes, great outlook

    OUTLOOK
    Based on current market conditions and the trading environment, Air New Zealand expects FY13 Normalised Earnings before Taxation to be in the range of NZ$235 million to NZ$260 million.

  10. #790
    Senior Member
    Join Date
    Nov 2012
    Location
    Auckland
    Posts
    1,358

    Default

    Quote Originally Posted by Poet View Post
    Yes, great outlook

    OUTLOOK
    Based on current market conditions and the trading environment, Air New Zealand expects FY13 Normalised Earnings before Taxation to be in the range of NZ$235 million to NZ$260 million.
    Based on their historical tax rate and using the middle, it should translate to eps of around 17c. This puts it on a pe of 8.87.

    Recent history tells us they will make the upper end of the range (eps .179.)

    DISC: Hold

  11. #791
    Guru
    Join Date
    Feb 2005
    Location
    Auckland
    Posts
    3,164

    Default

    Quote Originally Posted by SparkyTheClown View Post
    Perhaps this will be the next one to be sold down by the govt - nice and easy as its already listed and not in the controversial power game.
    Could probably be an offmarket placement within a week if they didn't have to worry about getting the shares into M&D investors hands.
    Free delivery worldwide with Book Depository http://www.bookdepository.co.uk

  12. #792
    Member
    Join Date
    Aug 2009
    Posts
    420

    Default

    decent operating statistics, slightly better yield than my estimates. One thing that I found particularly pleasing is the improvement in domestic demand (up 8.2%), and shorthaul yields are only down 1.5%. That gives me confidence that the domestic profit fortress NZ has is sustainable and that the threat of jetstar remains well under control. With susbstantial capacity (new A320's and ATR's) coming on next year NZ can grow domestic profit nicely.

    The outlook is actually better than my estimates which was for about $240m (guide 235m-260m) although the pax revenue line I have is right, this means either cargo, contract or ancillary revenues are doing better than I expected, and/or that costs are being effectively controlled. It could be fuel given the recent fall (although much is locked in at slightly higher prices).

    Roll on the strategy day - looking foward to hearing about the 'go beyond' plan!

    No change in my view or holding

    P:S re the 787's - uninformed commentators talking about ETOPS... 1st thing as i have said before is 787 has no effect until 2015 or 2016 performance so who cares! 2nd AIR is planning to use 787 on asian leisure routes (which don't need ETOPS 180 anyway) 3rd have you seen the boeing shareprice going up? The 787 will be fine!
    Last edited by modandm; 25-04-2013 at 08:02 AM.

  13. #793
    Member
    Join Date
    Oct 2011
    Posts
    131

    Default

    Hi Modandm, love your work!

    When do you expect the strategy day to be?

  14. #794
    Junior Member
    Join Date
    Apr 2013
    Posts
    7

    Default

    All good points!

  15. #795
    Member
    Join Date
    Aug 2009
    Posts
    420

    Default

    Quote Originally Posted by Poet View Post
    Hi Modandm, love your work!

    When do you expect the strategy day to be?
    Sometime in May - date TBC is what IR has told me.

    NZ is moving towards more of a leisure focus - and this means less luxurious (but more efficient) seating plans for both the new 787 and the refurbished 777-200ers. This will undoubtedly result in much whinging and media attention, so it will be particularly interesting whether this is brought up or pushed aside until the last minute before being announced.

    The more I hear the more I like this new CEO, he seems pretty cut-throat about reducing costs and maximising profits! Happy days!

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •