Air New Zealand takes top spot in ratings site awards
http://www.nzherald.co.nz/index.cfm?...99&ref=twitter
Printable View
Air New Zealand takes top spot in ratings site awards
http://www.nzherald.co.nz/index.cfm?...99&ref=twitter
Maybe shareholders have got blasé about all these awards they're winning, after all there's so many of them its hard to keep count...and its like, yeah AIR has won yet another airline of the year award..so what, just another regular weekly occurance :p
https://www.msn.com/en-nz/money/busi...cid=spartandhp
As a shareholder and all whites supporter I happy with this customer service :-)
https://www.stuff.co.nz/sport/footba...lights-to-peru
Then again you can always do better:
http://www.nzherald.co.nz/sport/news...ectid=11940066
Jet fuel up to about us$73 a barrel
That’s not even mentioned on the chart in AIRs preso showing impact of fuel costs relative to their forecast us$60 (inclusive of all hedging)
Looks like fuel bill going to $70m/$80m more than forecasted.
No doubt about it, fares are going to have to go up because the $Kiwi is lower than forecast too. Sure they have great currency and fuel hedging in place that gives them time to adjust their business model but it will need some adjustment in the months ahead that's for sure and customers will need to be prepared to pay more.
Their marketing team not taking any notice just got an email for one way fare to LA for $529.
Enjoy cheap air fares while they last. Oil is now in a clear breakout of its recent trading range and it appears the MK2 Opec, (much closer collusion with Russia now), seem intent on sticking with production cuts and driving prices higher. Might be a good time to revisit AIR's hedging strategy. From memory they are about 80% hedged for the rest of FY18 which gives AIR plenty of time to tweak their business model. Travelers have had golden weather for a few years now with super cheap airfares on the back of very cheap oil. A reminder that AIR have often mentioned that yield and oil costs are inextricably linked so over time you would expect yields will need to increase to cover the extra cost.