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Re: [sharechat] Air NZ

From:	pboeyen@sharechat.co.nz
Date:	Sat, 2 Sep 2000 11:05:12 +1200

Hi Max

The $600 million was due to an accounting change and has not effected the
company's cashflow.  Air NZ says turnover was up.  IMO points to watch with
this company include Ansett competition re Virgin Blue and airfare price
war in Australia, plus increasing fuel costs.  However they have also
emphasised cost reductions which will come about through synergies etc re
Ansett and they may offset other negative factors.  Next interesting thing
from them will  be appointment of CEO.

Cheers
Phil Boeyen

>AIRVB went up to 2.61 yesterday after announcing a
>huge loss of $600m the other day. Any one heard any
>big news? Thanks.
>Max
>



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References

[sharechat] Air NZ Max Vautier

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