From the OCA thread:
So we are all looking forward to AIR using this measure then? ;)
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Iceland’s overall approach (not just for airlines) seems more pragmatic than our molly coddling approach
While we seem to keep subsidising and giving loans to businesses that inevitably will go broke iceland appears to ‘
“We may need to make some sacrifices,” Bjarni warns. “Losing companies that are inefficient and not working will reduce state intervention.” It is his belief that private enterprise will “stimulate” the economy and “create new jobs” if left to its own devices.
Iceland used to these economic crashes ....one of most affected countries post GFC
Singapore airlines announced their first ever loss, a lot of it due to future fuel hedging losses.
Their year ended 31-Mar and that final quarter was a real downer for them.
You can grab the accounts and commentary via https://www.singaporeair.com/en_UK/s...ncial-results/ if you wish.
Good stuff. AirNZ turns dreamliner into inter island cargo carrier.
https://amp.rnz.co.nz/article/dd6dd6...mpression=true
LOL
Molly coddling to unions lead by Savage will end badly. Iceland definitely have the right idea. Get efficient and get real or get gone. AIR (contrary to popular belief) should not be run as a social welfare organisation for the elite.
https://www.airpointsstore.co.nz/Pro...tre10/eVoucher
Mitre 10 vouchers are back at the airpoints store.....
I have talked to lots of people new to shares who all say "buy AIR, Govt won't let them fail" but they don't realise that the Govt might not (probably wouldn't if it came to that) pay them their $1.25 if they took over.
The people think they can't lose, they don't understand that they can.
Likely true, but exactly how many funds are these types of investors putting in and therefore what impact are they likely to have on the share price?
Bigger players out there I would have thought buying / selling. What do they know? To be determined.