why ? - have they agreed to come in a couple of hours a day & on reduced salary, while nothing much is up in the air ? ;)
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No idea, but while she's on site doing AIR business don't bet on her keeping her hands out of AIA business altogether ;-)
Change usually raise hope of better road ahead and her good look probably gives shareholders a positive impression too lol.
well I hope all the folks expressing their negative views are getting their shorts on. I need some help here !
in fact I'm reducing already - best not to be obstinate in ones trades and take one on the chin when necessary. Thanks to Z for compensating.
For international Air doesn't have to meet any ETS costs as it is carved out. Having said that one could ask for how long that will continue AND how will long haul tourists/consumers react as they become more woke to carbon and other gases spewing out over the Pacific. Already on Skyscanner you can choose your flights for the lowest carbon. I think AIR(and tourism in general) is in big trouble on this and long haul will never be the same. COVID has just merely focused people on wellness of themselves and the planet. Hey if that is a third of past travellers for instance, well they ain't coming back and that is bad.
Oh and don't think I have seen this stat on here but in the FY21 year almost 20% of the revenue recorded was pure subsidy/handout from the govt or (and get this stat!!) $58T per living being working for them. As I have said the most expensive dole program in the country and maybe globally.
More Govt subsidy....
Air NZ awarded international cargo flights to March 2022 - NZX, New Zealand’s Exchange
Sure that is pretty easy. AIR is pretty much the only one. On the MIAC scheme AIR conducts 78.2% of flights weekly. Put another way 8 airlines share 21.8% of flights granted while 1 airline has 78.2%. I could work out an approx $ number but have better things to do with 15 mins. On the wage subsidy front I wouldn't have thought any other airline would get one. Hadn't all other NZ based other airline crew gone before any wage subsidy post 30 June 2020. It doesn't make a difference anyway to AIR. It is basically a propped up benefit scheme.
And no. By folding AIR you can realign it to its mission. Freight carrier. Long haul leisure pax is effectively over due to COVID and carbon. Then realign pay.
Not saying its comparable, but still interesting - Delta (and this is the airline, not the virus variant ...) reporting a Q3 profit (though expressing concerns about rising fuel prices for the outlook):
https://edition.cnn.com/2021/10/13/i...ngs/index.html
Virgin( Underarm Bowlers Division ) have announced they will resume international Australia Fiji flights in the near future.
No announcements about resuming crossing the ditch though.
Boop boop de do
Marilyn