Did you say obtuse? That’l be a month in solitary.
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hmmmmm
https://www.stuff.co.nz/business/ins...ing-hard-times
Still a mystery to me why this is over $ 1.00.
DISC : Still short .
"We had a mistake early on about credits, we should have been right upfront about credits. I was too late to the party. I should have said right on day one: ‘Here’s the problem team, I can’t afford to give you your money back’ because that was the truth. An airline effectively runs on the fact that you pre-pay us.”
The shortage of suitably qualified pilots and some other staff was an ongoing problem for the worlds airlines prior to Covid and in some parts of the world it is already a problem again.
On a world wide basis some are talking about 2022 but others later for the manpower situation to be an inhibiting factor once more.
Any and every airline which believes it has a future should be planning now for this upcoming situation.
http://www.storytrender.com/wp-conte...03-768x488.jpg
Jazz Hands
https://www.youtube.com/watch?v=9MR8Ym_H-80 Shareholders chasing profits in AIR shares.
https://www.nzx.com/announcements/374587
Good stuff...making way for the Govt to appoint some fresh blood to the board.
Maybe Shane Jones and Hone Harawira ;)
They should start with the executives who are on way larger salaries. What is your beef with the pilots anyway? Sounds like you have something against them maybe because you weren’t good enough to get into an airline. They are actually extremely underpaid compared to pilot salaries overseas. And to fact check, Cathay has continued to pay all their pilots full salary all throughout the pandemic unlike AIR who cut 30% of their pilots and made those remaining take significant temporary paycuts or unlaid leave. Cathay Pacific itself hadn’t made any pilots redundant up until last month where they announced closures of a few overseas bases but with the option for the pilots to remain in the company if they relocate to Hong Kong, only those in the sister airline Cathay Dragon were let go.
Will be interesting to see what effect this article in todays Stuff has on AIR's SP action today/ by end of this week.
Might open a few eyes!
Has been the most extraordinary disconnect between SP & reality.
https://www.stuff.co.nz/business/opi...ose-to-the-sun
Interesting article. So $660m just to repay PAYE and the Govt loan, another $450m to cover this year's losses and another $450m to cover anticipated FY22 losses = $1,560m.
The chances of another capital raise in due course cannot be overlooked as its highly likely that AIR will be losing serious money in FY23 and possibly FY24 as well.
I think to Dassets point, its fair to say that AIR has no prospect of making money in the foreseeable future and yet many executives continue on salaries of $1m plus and some pilots on $500K plus.
How many years does the taxpayer tolerate supporting AIR when senior staff are being so handsomely remunerated ? 2 more years, 3, indefinitely ?
Not clear if you mean the article appears to be a 'copy & paste' of the narrative on this thread, or we shouldn't 'copy & paste' links to newspaper articles on this thread?
Anyway the point intended was that this article in today's Stuff might spook a few investors this week & cause a bit of a collapse in the SP.
I see Rob Fyfe also commenting today that businesses should plan on borders being closed for 2 or 3 years & that even with high vaccination rates business travel will become more complex due to stringent health checks resulting in a reduction in business travel & necessitating adapting to new ways of doing business.
Can imagine companies weighing up risks of company executives travelling overseas being forced into lockdown due to an outbreak in that country & unable to return home.
Rob Fyfe opines https://www.stuff.co.nz/business/ind...-rob-fyfe-says
https://www.nzherald.co.nz/world/cov...6NGMFIOWYZG44/ Extremely dangerous new variant.
I can't help wondering how many new and even more dangerous variants will emerge in the years ahead. Will we still be battling dangerous new variants in the 2030's ?
What are the implications for travel ? Surely business's will try everything in their power to avoid the risk of sending their executives to physical meetings overseas and resort to digital meetings ?
What are the implications for demand for premium seats at the front end of the aircraft where most of the money is made ?