AIR - Air NZ.

[Bobdn]

Air NZ starting to wind up nicely as we get closer to the dividend.

[Beagle]

https://www.msn.com/en-nz/money/comp...cid=spartandhp
How they handled that makes me proud to be a shareholder. Really bad **** happens, its how you look after people that counts.

[winner69]

This is a pretty big earnings guidance downgrade. Beagles favourite method using mid point it’s a 16% reduction (best case view down 20%) -

The company now expects earnings before taxation of $340 million to $400 million for the year ended 30 June 2019. This includes the impact of the global Rolls-Royce engine issues.

The previously announced guidance was for underlying earnings before taxation of $425 million to $525 million, which excluded an estimated $30 million to $40 million impact of schedule changes prompted by the global Rolls-Royce engine issues.

http://nzx-prod-s7fsd7f98s.s3-websit...915/294185.pdf

[winner69]

Last year F18 npbt $540m ....this year maybe $340m

That’s some drop - 37% - wonder whats caused the $200m shortfall?

[couta1]

This is a pretty big earnings guidance downgrade. Beagles favourite method using mid point it’s a 16% reduction (best case view down 20%) -

The company now expects earnings before taxation of $340 million to $400 million for the year ended 30 June 2019. This includes the impact of the global Rolls-Royce engine issues.

The previously announced guidance was for underlying earnings before taxation of $425 million to $525 million, which excluded an estimated $30 million to $40 million impact of schedule changes prompted by the global Rolls-Royce engine issues.

http://nzx-prod-s7fsd7f98s.s3-websit...915/294185.pdf

Sounds pretty Bearish.

[bull....]

massive downgrade this stocks going to get hammered

[bull....]

just checked the chart and what ya know it displays the 3 humped camel pattern, very bearish pattern.

[couta1]

Fair value around $2.60-$2.70 I reckon.

[bull....]

Fair value around $2.60-$2.70 I reckon.

could do a hlg and fall back around 2 long term av price range

[cyclist]

Given the new guidance assumes a lower average jet fuel cost than previous, in terms of demand levels falling away it is possibly even worse than it looks.