Auckland International Airport Limited (AIA)

[dr_]

Profit Downgraded

On Friday morning, the airport said that developments in the outbreak of coronavirus and significant market uncertainty had caused it to revise its underlying earnings guidance for the year to June 30 from an original range of between $260m and $270m, down to between $210m and $235m.

[Brain]

It will be the 6 months to Dec 2020 that will be really interesting.

[Balance]

Profit Downgraded

On Friday morning, the airport said that developments in the outbreak of coronavirus and significant market uncertainty had caused it to revise its underlying earnings guidance for the year to June 30 from an original range of between $260m and $270m, down to between $210m and $235m.

First downgrade.

Would venture to say it's not big enough so watch for the next one in a couple of months' time.

[trader_jackson]

so a PE of about 45 (even after the share price has fallen nearly 40% since mid last year), and their is larger Time to go back into the $6's... maybe even $5 over time

[BlackPeter]

First downgrade.

Would venture to say it's not big enough so watch for the next one in a couple of months' time.

Won't take a couple of months for the next downgrade. Give it a couple of weeks. I really don't understand these guys ... how can anybody with a shred of credibility left make at this stage a profit forecast for a business which lives exclusively of tourism and of business travel?

Only honest announcement would have been: "We will do our best but we have no clue how business will go over the next 6 to 12 months".

[BlackPeter]

29. January 2020:

Just happend to pass by this stock on my (sort of) monthly round - and from where I stand is AIA is now in a confirmed downtrend:

Attachment 10971

Suspect as well the recent virus hype won't help either - emptier and lesser planes are not good for business if you run an airport.

Interesting - markets confirmed already in December 2019 that things are turning to custard ...

AIA started to flirt with the MA200 mid of Dezember (SP around 8.75), but even waiting for the Cross of Death in mid February 2020 would have allowed investors for a $8.35 exit.

Ignore TA at your peril ...

[ratkin]

Quite surprising passenger numbers only down 9% was expecting it to be more

[winner69]

Won't take a couple of months for the next downgrade. Give it a couple of weeks. I really don't understand these guys ... how can anybody with a shred of credibility left make at this stage a profit forecast for a business which lives exclusively of tourism and of business travel?

Only honest announcement would have been: "We will do our best but we have no clue how business will go over the next 6 to 12 months".

Only a few months of financial year to go .....forecasting f21 will be harder eh

[ratkin]

Soon be time to let the Chinese back in, it those pesky Aussies, Americans and Euopeans that are the problem now

[mcdongle]

Airlines no longer have to use their slots to keep them....some have been flying empty planes to keep slots open this is obviously crazy