Nice, I burn about 120 litres per hour in the cruise so plenty for a beagle to sniff out.
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Nice, I burn about 120 litres per hour in the cruise so plenty for a beagle to sniff out.
Another Govt Prop Up job needed soon @ a high interest rate ? ;)
Surely that is it for AIRNZ now. The lockdown likely to go for 2-3 months. that is cash out at the peak of last year plus add on the new 787s arrivals. Why they rehired some staff last year was way to premature. Unfortunately, imo, the aircraft have been running on more than fuel. They have been running on blind hope. Never a reliable winning strategy. Try to save what will be needed ie basic domestic, trans tasman, some Pacific not all, and a little Asia. Everything else gone.
Also I know there were not too many believers here of the eradication strategy. So it is cold comfort seeing the EU open up and USA/Canada. But, hello, if it wasn't obvious last year then the recent delta outbreak in Aust, our second closest neighbour(depending if you count Lord Howe) to NC, doomed eradication as a viable course of action.
I expect to be back to Lv1 in 3 weeks, even with Delta, unless it starts to spread out of control, like in AU.
Based on this statement, Skegg clearly disagrees "There however still needed to be a strategy, he said. The first question his group looked at was if elimination was still viable. Many people had said elimination was impossible. Well they were wrong"
I suppose it depends upon how you define 'viable'. From AirNZ's perspective, the consequences would be devastating.
Even 2-3 months could be optimistic. Does NZ have the social cohesion it had during the first lockdown? Been protests and arrests on day 1! The arrogance and over confidence of others its telling as well.
All the other countries that did well against COVID have fallen to Delta. Vietnam, Australia, China, Brunei... Victoria proved you can eliminate a delta outbreak but it will be touch and go.
The worst case scenario isn't 2-3 months, its 1-2 years of restrictions of various degrees to suppress infections. Seems to be a hardcore group of covidiots in NZ and combined with everyone under 12 that will be enough to circulate if the virus isn't eliminated quickly.
Obviously devastating for Air NZ. Should have raised capital in June.
After the brutal hard landing the Govt will step in and pick up the pieces scattered all over the runway and clobber together a new airline called Air Aotearoa, owned by the people for the people. Perhaps that has been their plan all along ? Minority shareholders still on board this train wreck are facing an inevitable and brutal crash landing with economic reality.
Not like minority holders have not had warnings! Even today still trading unchanged from yesterday at $1.44, and only down 4c from pre-Covid case yesterday.
As of last report (with 12 month old stats), there were over 45,000 shareholders with 10,000 or less shares, and another 5,000 with 10k to 100k shares.