This is just so typical of Air NZ management. Laying off all their lowest paid employees, while taking a measly 10% pay cut from their $800k+ per year salaries and issuing themselves more shares in the company to offset any perceived salary sacrifice.
Happened under Luxon also, told all frontline employees there was no money for a bonus so paid them $100 each (before tax) as their annual bonus, then after the fact, its disclosed he left with a $2.4m golden handshake, after being paid an annual salary of $4m+ per year.
I'm not a share holder, would like to be, but while the current muppets are running the show, I wouldn't touch it with a 20ft barge pole.