All airlines especially end of line carriers like QAN or AIZ either have been or are as low as they are going to go, with COVID now not going to lead to lockdowns unless the country is worried about its internal security and or a Coup like Beijing is with its lockdowns of Beijing and Shanghai.
That is not down to COVID but Beijing internal security matters. Aus and NZ markets should reject that lowball doomsayers stuff.
AIZ is probably as low as it is ever going to go IMHO.
AIZ still has to concern itself with the mess of the NZ economy which will not get better until January 2024 unless Ardern is Whitlamed which is IMHO unlikely but still it would be hard to see AIZ another rebounding from here.
If you okay the long term game, just think of what AIZ will be in February 2024, $3 or $4?
With Luxon as PM, it might be the most successful airline anywhere in the world?
AIZ Price at posting:
58.0¢ Sentiment: Buy Disclosure: Held
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