Personally I don't think we're out of the first GFC by any means and central banks around the world are basically going to have to keep interest rates ultra low indefinitely to deal with the debt legacy hangover issues. IMF suggests low economic growth, (forecasting oil to still be $55 barrel in 2017) and this is the sort of environment where the oil price could very well stabilise at these lower levels for years...meanwhile all those emerging middle class consumers overseas that C.L. was talking about in the meeting who see air travel as aspirational will be keen to travel and tick good ol Nue Zeealaaand off their bucket list will come here. Maybe we have the perfect environment for Air to make super profits for several years and those conservative analysts get egg all over their faces while out bank accounts get lined with special divvy's
I reckon some analysts see AIR's capacity growth as a bit risky. I think its a calculated risk...easy enough to pull back the frequency, (to keep the load factor up), to those new destinations if loads don't turn out to be quite as good as anticipated in the medium term but they're very bullish about early customer demand most especially out of Australia, (see Australian aviation magazine October 2015 issue, article on AIR).
Hey Couta1. Mate, you're in an elite group. Page 60 of the annual report, the top 20 shareholders own 90.61% of the shares, (Govt own 51.95%). Page 61 Only 96 shareholders own 100,000 shares or more. Take out the top 20 which except for one are all institutions or the Govt and that leaves only 77 shareholders who own more than 100,000 shares.
You should definitely come to the annual meeting next year and hit Chris Luxon up for that special behind the scenes gold elite Koru lounge thingy
...but as I know you're a gentleman and a humble guy I bet you just fly economy like I do and probably not even a member of the regular Koru club. Well leave all that prancing around gold elite status stuff to others eh ?
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