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Thread: AIR - Air NZ.

  1. #9751
    ShareTrader Legend Beagle's Avatar
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    "Fare" enough mate

    Interestingly Capex is very light in FY 20 as well and then tails off to almost nothing in FY21. From their conference call at the time of the annual result there is hardly anything in FY22, FY23 and FY24 either.
    What will they do with ~ 80 cps in annual free cash flow in all those years ?
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

  2. #9752
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    Quote Originally Posted by Roger View Post
    "Fare" enough mate

    Interestingly Capex is very light in FY 20 as well and then tails off to almost nothing in FY21. From their conference call at the time of the annual result there is hardly anything in FY22, FY23 and FY24 either.
    What will they do with ~ 80 cps in annual free cash flow in all those years ?
    There will be capex and other initiatives just not planned at this stage....dividend may well increase however current management are good at spending money and always will be a good part of the pie...

  3. #9753
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    Quote Originally Posted by Roger View Post
    "Fare" enough mate

    Interestingly Capex is very light in FY 20 as well and then tails off to almost nothing in FY21. From their conference call at the time of the annual result there is hardly anything in FY22, FY23 and FY24 either.
    What will they do with ~ 80 cps in annual free cash flow in all those years ?
    Arrows point toward plenty of scope for meaty sized special divvys to supplement ones normal diet methinks.

  4. #9754
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    Quote Originally Posted by couta1 View Post
    Arrows point toward plenty of scope for meaty sized special divvys to supplement ones normal diet methinks.
    Yeap, in FY19 the fleet replacement programme is complete and they'll have one of the youngest fleets of any airline in the world at only 6.2 years average age. You could say shareholders are well positioned

    On another subject this looks like it might be on shaky ground in more ways than one.
    http://www.sharechat.co.nz/article/4...extension.html
    Last edited by Beagle; 25-11-2016 at 03:50 PM.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

  5. #9755
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    "On another subject this looks like it might be on shaky ground in more ways than one."

    Yep, we shouldn't even have a city there , let alone talk about extending the airport


    What is worrying though is what the quakes will cost in tourist numbers hence load factors.

    Also , although their yields have dropped around 8% yoy, has anyone managed to understand their fuel hedging reports? I'd love to know what that says about their forward fuel costs.

  6. #9756
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    Welcome to the forum DonqQ
    I'm avoiding any property company with significant Chch or Wellington high rise buildings.
    I was down in Queenstown shortly after the recent earthquake and nobody seems worried about it. Sure it will have a massive impact on tourism to Kaikoura but beyond that I think the effect on AIR from a demand perspective will be nil, people will simply amend their travel plans within N.Z. to exclude heavily affected area's.

    AIR use a system called collars where as the name suggests they basically try and control the cost of their fuel. Going off memory they've basically set themselves up to enjoy relatively inexpensive fuel for the rest of this financial year.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

  7. #9757
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    http://business.scoop.co.nz/2016/11/...to-adele-fans/

    Air NZ is putting on an extra 80 flights for the Adele concert. What a busy airline!

  8. #9758
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    Quote Originally Posted by Bobdn View Post
    http://business.scoop.co.nz/2016/11/...to-adele-fans/

    Air NZ is putting on an extra 80 flights for the Adele concert. What a busy airline!
    Yep with the Adele concerts in March, the World Masters Games in April and the Lions tour in June/July sure is shaping up to be a cracker of a domestic year for Air in 2017, doubt very much you will be able to buy Air shares at $2.03 then.

  9. #9759
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    Quote Originally Posted by couta1 View Post
    Yep with the Adele concerts in March, the World Masters Games in April and the Lions tour in June/July sure is shaping up to be a cracker of a domestic year for Air in 2017, doubt very much you will be able to buy Air shares at $2.03 then.
    It even continues into 2018 with the Oceanic Masters in Dunedin in January.

  10. #9760
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    I've even started thinking about the 2019 World Cup and 2020 Olympics in Japan. Our 787s to Osaka and Tokyo will be packed to the gunwales ('gunnels').

    http://www.phrases.org.uk/meanings/f...-gunwales.html

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