Good Value, page-111

The bollinger bands are tracking lower but mid point should still be around $2.50NZ when you look at their trading over there for the past year:

https://www.nzx.com/markets/NZSX/securities/AIR?icharts=true

When you do a currency conversion - $2.50NZ = $2.33AUD.... its been driven by the NZ side with the ASX following - I still think we should be around $2.40AUD - if there is increased competition then that results in cheaper airfares and thus more people travelling so if the volume increase is proportional to the lower air fares then they shouldn't see to big a fall in underlying profits - nothing like what the sp seems to be suggesting??