Yes more passengers offloading into NZ by international carriers benefiting AIZ & Jetstar - when you look at the last update though for August the only numbers I thought that counted were:
1,175,000 passengers - up 4.4% & Revenue passenger Kilometres or (the measure of multiplying the number of revenue paying passengers by the distance travelled) was up 6.9%
The only way I see them not hitting their $400-600million profit is if jet fuel goes well above $55 - in the $60-65 range which some may well fear could happen with latest attempt to get the POO to go well higher - I believe once this latest little rally is spent we'll see a rebound in AIZ I just don't know when that will be but I'm sure the Chinese will give us the answer.
AIZ Price at posting:
$1.70 Sentiment: Buy Disclosure: Held
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