Air New Zealand Shares are Plummeting
Lately, I’ve been trying to check my share portfolio less often in an attempt to lower my stress levels.
I’m someone who can overthink everything, which can lead to making a lot of unnecessary trades when I should just be leaving well enough alone.
However, this morning I woke up with a notification from Sharsies, my online broker for shares, ETF’s, and bonds in New Zealand.
They sent me a notice inviting me to a video conference tomorrow where they’ll try to explain why we’ve all lost so much money over the past few days.
… lost what now?
I immediately logged on, checked my portfolio dashboard, and almost immediately passed out in my chair.
All my shares have almost completely bottomed out; it felt like a year of careful trading was all for nothing.
These losses have unfortunately and disproportionately affected the company I’m most heavily invested in, Air New Zealand.
Ground New Zealand
Air New Zealand had been kicking goals lately and growing like crazy.
Recent reports of the airline have been positive and talk of growth into the ultra-long-haul sector.
The linked report above talks about the airline’s possible adoption of a new bunk-bed design for economy class passengers flying routes over 16 hours.
If Air New Zealand was the first to adopt this cabin design, combined with other highlights including their high earning business class cabin, the next year should have been stellar for the airline.
My fear now is that they won’t make it that long.
Ordinarily, this kind of thinking would be considered too extreme, but in the wake of the…