AIR NZ effect
A report from New Zealand says that it’s great to see a soaring local stock impacting on valuations in Australia.
It says that Australian commentators seem to have noticed that Air NZ’s stellar run is making the Macquarie-led consortium’s bid for Qantas look a bit ordinary, with The Sydney Morning Herald this week noting that Qantas shares had risen 28% since rumours of the private equity bid began to circulate last November, but Air NZ shares have doubled in the same period, the paper notes.
Ironically, it was the takeover bid for Qantas that was originally tipped one of the reasons for the resurrection in Air NZ’s market value, but a strong operational performance combined with some relief on the fuel price front seem to have left that theory back on the tarmac.
In fact Air NZ has now risen 158% since it bottomed out at $1.08 last August with shares closing up 12c at $2.79 yesterday.
Report by The Mole from reports in NZ
John Alwyn-Jones
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Phocuswright reveals the world's largest travel markets in volume in 2025
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Singapore to forbid entry to undesirable travelers with new no-boarding directive
Euromonitor International unveils world’s top 100 city destinations for 2025