The quote taken directly from the HY21 announcement indicates how meaningful the recent establishment of the trans-Tasman bubble is to the ATL operations. It will cease the cashburn taking place over in NZ and give some profit in their NZ operations.
"Extremely low active COVID-19 case numbers in Australia and New Zealand may allow for the establishment of a Trans-Tasman travel bubble in 2021. This would materially improve the performance of the New Zealand segment, where the small population inhibits the ability to establish a self-sustaining domestic market."
ATL Price at posting:
34.5¢ Sentiment: Hold Disclosure: Held
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