So the departing CEO of Air New Zealand Ltd [AIR.NZX] is leaving his post at the end of 2012 and being lauded by some as a "rockstar" CEO and the saviour of an airline.
According to the market though he is not.
If we look at the 7 year chart below - the length of time Mr Fyfe has been with AIR NZ -.we can see that the share price has kamakazied to half the value it was when he took over in 2005.
Not only that, the share price is an all-time low (see 10 year AIR chart below) since the company was injected with a billion taxpayer dollars in 2002. Hardly the stuff of first-class lay back and champagne flutes.
Over its 10 year listing Air New Zealand has had negative returns for investors and the share price was markedly better under Sir Ralph Norris who managed the current structure of the company well through its formative years in the early 2000s.
I know airlines are notoriously difficult to run and it is hard for them to make money but the plaudits and pats on the back for him now are misplaced at best and arse kissing at worst.
AIR @ Share Investor
Share Price Alert: Air New Zealand Ltd
Queenstown Aiport Case: Air New Zealand VS Auckland
Queenstown Airport: Loud Voices & Loyalty
Long Term View: Air New Zealand Ltd
John Palmer Tipples on the Shareholder
Mike Pero and Air New Zealand: Capitalism vs Socialism
Rob Fyfe's "Environmental Extremism"
Reality Needs to Bite
Air New Zealand wants another taxpayer bailout
Discuss this stock at Share Investor Forum - Register free
Download AIR Company Reports
From Fishpond.co.nz
Buy Every Bastard Says No - The 42 Below Story, by Geoff Ross & Justine Troy & more @ Fishpond.co.nz
c Share Investor 2012
According to the market though he is not.
If we look at the 7 year chart below - the length of time Mr Fyfe has been with AIR NZ -.we can see that the share price has kamakazied to half the value it was when he took over in 2005.
| 7 Year AIR Chart |
Not only that, the share price is an all-time low (see 10 year AIR chart below) since the company was injected with a billion taxpayer dollars in 2002. Hardly the stuff of first-class lay back and champagne flutes.
| 10 Year AIR Chart |
Over its 10 year listing Air New Zealand has had negative returns for investors and the share price was markedly better under Sir Ralph Norris who managed the current structure of the company well through its formative years in the early 2000s.
I know airlines are notoriously difficult to run and it is hard for them to make money but the plaudits and pats on the back for him now are misplaced at best and arse kissing at worst.
AIR @ Share Investor
Share Price Alert: Air New Zealand Ltd
Queenstown Aiport Case: Air New Zealand VS Auckland
Queenstown Airport: Loud Voices & Loyalty
Long Term View: Air New Zealand Ltd
John Palmer Tipples on the Shareholder
Mike Pero and Air New Zealand: Capitalism vs Socialism
Rob Fyfe's "Environmental Extremism"
Reality Needs to Bite
Air New Zealand wants another taxpayer bailout
Discuss this stock at Share Investor Forum - Register free
Download AIR Company Reports
From Fishpond.co.nz
Buy Every Bastard Says No - The 42 Below Story, by Geoff Ross & Justine Troy & more @ Fishpond.co.nz
c Share Investor 2012
Finally someone provides analysis without drinking kool-aid first
ReplyDeleteThere doesn't appear to be a pair of lips in business journalism that has gone un-puckered anon. Lucky I don't get paid for this. I would get the sack for speaking up.
DeleteJust a little bit of useless information and I don't usually do this but someone from Emirates head office has been googling this today:
ReplyDeleteUnited Arab Emirates Flag
Total Visits:
1
Location:
Abu Dhabi, United Arab Emirates
IP Address:
Emirates Telecommunications Corporation (217.XXXXXXX)
Search Referral:
www.google.ae — air nz share price history #9
Visit Page:
shareinvestornz.blogspot.com/2011/03/share-price-alert-air-new-zealand-ltd.html
Couldn't agree more Darren. Ralph Norris did the hard yards... Fyfe added the fluff. However, that being said, he certainly stands up well against a lot of NZX listed company CEOs (that may be a poor benchmark!).
ReplyDelete