AIR NZ effect

Sunday, 27 Apr, 2007 0

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



 

profileimage

John Alwyn-Jones



Most Read

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
TRAINING & COMPETITION
Skip to toolbar
Clearing CSS/JS assets' cache... Please wait until this notice disappears...
Updating... Please wait...