AIR - Air NZ.

[Beagle]

Plenty of upgrading of aircraft going on, Dreamliners replacing 767's, 50 seat Q300's replacing 19 seat Beechcraft 1900's...not necessarily any more expensive to fly but make the stat's look a little worse.
Seats are on average sold 2 months forward, (source balance sheet, AIR traditionally carries about 2 months forward bookings at any one time). Sept was a tough month in the aviation industry, oil was cheap new competitors were hotly discounting. Try getting cheap seats now ! I wasn't thrilled with November stat's but as I've mentioned more than once before new competitors discount hard to fill new routes and that sort of initial market behavior doesn't gone on forever because its unsustainable. Just settle back , select a new movie and settle in for the long haul..the flight attendant will be around to fill your bowl with another large fully imputed dividend before too long

[winner69]

From numbers on those hedging reports fuel use looks like it will be 3% higher in F17 v F16

Be interested to see CASKs in 1/2 year report

[couta1]

Anyhow there's things I see more clearly
Than those whose heads are searching in the clouds to make discoveries,
And maybe fail to see
What's on the ground beneath their feet, not hard to find

[http://www.metrolyrics.com/lucky-me-...ny-banks.html]



Best Wishes
Paper Tiger

The message I read whilst searching with my head in the clouds was that I will be receiving approximately(Give or take a Cats whisker or two) 70k of fully imputed divvys in my bank account in 2017, gotta love them clouds aye.

[Snow Leopard]

...Why would a combined average of 95% on the best year in history be such bad news? ...

I have run with that and the answer my friend is a NPBT of about $350M.

But, on the assumption that the current year to date percentages persist through to the end of the financial year then NPBT is about $475M.

The market got a little spooked today maybe it sees something between the two.

As the year unfolds we will see.

Best Wishes
Paper Tiger

Disc: Accurately predicting the future has a low success rate.

[Beagle]

From numbers on those hedging reports fuel use looks like it will be 3% higher in F17 v F16

Be interested to see CASKs in 1/2 year report

Cost per available seat kilometer probably down in line with the decline in yield in my opinion. If management saw profit outside of the $400 - $600m before tax range they would have updated guidance by now. They're in the best position to see the future with full knowledge of forward bookings and what yield those bookings are at.

[Baa_Baa]

It seems that with some doubt cast on NPAT vs guidance and the stalled SP, caution is warranted. That's if one cares about the SP, though some seem not to, given confidence in sustained dividends.

[couta1]

It seems that with some doubt cast on NPAT vs guidance and the stalled SP, caution is warranted. That's if one cares about the SP, though some seem not to, given confidence in sustained dividends.

Interesting that my two largest holdings Air and SPK are both down 20c from my average buy in price, yet I have every confidence in both these companies to churn out long term, sustainable ,excellent divvies, market sentiment often doesn't equal actual reality.

[777]

Try and book a seat to Australia. It appears "seats to suit" has gone. Well that is my interpretation.

[pierre]

Try and book a seat to Australia. It appears "seats to suit" has gone. Well that is my interpretation.

I just booked a trip to Brisbane - all the various seat, seat+bag, etc options were available as usual. What makes you think they are not?

[777]

Just took another look and those choices have reappeared. Prices have also changed significantly so must have been a glitch.

As you were.