AIR - Air NZ.

[winner69]

Year on Year Cumulative Revenue Comparisons:

Short Haul:
Jul: 99.36%
Aug: 99.26%
Sep: 99.18%
Oct: 99.65%

Long Haul:
Jul: 99.99%
Aug: 98.62%
Sep: 98.07%
Oct: 97.13%

Year on Year October Month Revenue Comparison (Estimate)
Short: 101.06%
Long: 94.30%

Best Wishes
Paper Tiger

PT's task to update .......but the %'s seem to be lower after November

More ASKs for less $

[boysy]

Competition clearly starting to bite and being reflected in the operating statistics

[winner69]

Does a 9% increase in ASKs imply that the cost of flying the planes goes up 9% less efficiency gains?

Or is that where CASKs (with MOPS a key driver) come into the equation (which we know Feb/March)

[couta1]

Competition clearly starting to bite and being reflected in the operating statistics

Solid stats, what's more important is where they sit in their projected guidance range, I'm picking over 500 million coupled with a 20c fully imputed divvy for the year, sounds just fine to me. Your probably better concerning yourself with fleeting Rosehip sales than Air ticket sales.

[boysy]

back to discussions the op stats what portion of the release would you term solid ?

[Beagle]

back to discussions the op stats what portion of the release would you term solid ?

Group load factors at 83.3% are very solid and broadly consistent with the very high load factors AIR have enjoyed over the last five years.
Yields are lower but one has to consider the bigger picture. Oil prices are down on last year, they're getting far better efficiencies with more modern aircraft, (e.g. 9 dreamliners in the fleet now) and it is quite normal for new competitors to start off with a hiss and a roar to fill their planes. Initial launch specials don't last forever, (e.g. try booking a direct flight to LAX now and you'll see what I mean, it's NOT CHEAP !). I agree with Couta1's prognosis on profit and dividend outlook.

[couta1]

back to discussions the op stats what portion of the release would you term solid ?

In the current operating environment, the whole lot is solid. Air is going to have an exceptional year on the domestic front in 2017 ,which is where their best return comes from, you might say we are well positioned indeed.

[King1212]

Solid stock to hold rather than other..solid dividend n growth

[workingdad]

back to discussions the op stats what portion of the release would you term solid ?

Group wide year to date stats are well in line if not slightly better than expected given the competition. More flights, more passengers, load factors only 1.2% down and importantly the domestic market even with the earthquake is better in all comparisons on the year to date table. Yes some impact on competition but this has been priced in for quite some time now. The industry of immigration and tourism is not showing any signs of waning.

I don't have an expectation AIR will have another year like last year but the way this is shaping up it is certainly heading towards being a solid year of earnings.

[Beagle]

Group wide year to date stats are well in line if not slightly better than expected given the competition. More flights, more passengers, load factors only 1.2% down and importantly the domestic market even with the earthquake is better in all comparisons on the year to date table. Yes some impact on competition but this has been priced in for quite some time now. The industry of immigration and tourism is not showing any signs of waning.

I don't have an expectation AIR will have another year like last year but the way this is shaping up it is certainly heading towards being a solid year of earnings.

Nice post, sums the situation up very well in my opinion.