Bubble with cook Island Jan 21st. One way though.
https://www.rnz.co.nz/news/national/...egin-next-week
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Bubble with cook Island Jan 21st. One way though.
https://www.rnz.co.nz/news/national/...egin-next-week
Was reading through the November op stats to catch up and see domestic demand was 72% of 2019 with more flights and seats added in December.
Also found this nugget:
Quote:
Since the start of Covid-19, Air New Zealand Cargo’s revenue contribution has grown from ten percent to nearly half of the current monthly revenue of the airline.
The contributors to this thread could have told them that, lol
https://www.stuff.co.nz/business/ind...ommission-says
Jeff McDowall CFO resigned in October but would see through the 'capital raise'.
It must suck to have to work through this when you just want out.
This still flapping, or slowly gliding lower in to land at Robertson (Not much) International
Airport in Welly for slightly different sort of top up ? ;)
Quick get the bowser out on the tarmac she's coming to refuel any day now.....more fuel at 9%?
You can short via CMC. It was obvious the borders will remain closed for the year. NZ will be last cab for vaccine. Why? Because we don't have covid here.
Yep agreed .. & so far little or no vaccine as well
Aus bubble was just wishful Socialist dream but only as good as the Aussies policing & controlling their state & national borders
We could always bank on the Aussies slamming the gate shut fast, if they saw something they didn't like
while our Govt were all peacefully dreaming to be woken by a bad dream .. ;)
Our detention camps all have gaping holes & deficiencies (as evidenced on what has repeatedly come out - ie CHCH Northland
Auckland etc & only a wish & prayer is saving us with hope there wont be a wider community case & spread coming out
of the detention centres .. ;)
"wish & prayer "
it was a shambles..
boy was someone looking after NZ? or it just got lucky again!
not willing to short the lucky nation.
Help needed from the Bank of Robertson to keep flapping:
https://www.stuff.co.nz/business/ind...ine-group-says
Airlines need roughly $600m in government support to keep air links open, airline group says
Most suspected this would happen when Dear Leader's merry little wish list of Bubbles everywhere
start bursting around her sweet little ears .. ;)
Keep saving the pennies - Loyal Holders - your turn will be likely next and quite possibly be accompanied
by the fine art of being royally Slam-dunked for privilege of being in holder seats .. ;)
339506.pdf (nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com)
December Op Stats continue to make pretty sobering reading......
When will AIR get honest with people about its business? How is it meeting continuous disclosure requirements?? Minister Nash made it plain on the AM show this morning. No international tourism this year and this likely to roll into 2022. This has been obvious to a dead parrot for at least the last 2 months.
AIR is being heavily subsidised by GONZ via the freight support scheme. May be as much as $600m a year from that. And it is still bleeding cash and drawing the (ever diminishing) expensive GONZ loan.
IMO it appears AIR is likely to be insolvent under my understanding of the test unless it has further assurances from the GONZ. If these exist they have to be made public under disclosure rule. Time for RegCo(new NZX reg arm) to step in.
Why is AIR still paying B777 "furloughed" crew. Is this true? Has AIR effectively not taken the redundancy up front and is rumoured to be on the hook for 70% wages for the next 2 years. Basically hard baking a high cost base if true.
Air NZ isn’t paying any furloughed crew a cent. If you are specifically referring to pilots Air NZ let go over 300. The remaining crew were kept on 70% pay and other measures implemented such as leave without pay, part time work schemes and early retirements. 777 crew have been redeployed to other fleets where there is substantial workload.