Originally Posted by
Dassets
Very interesting what Chris Lee said about Air NZ's capital raise. My sources confirm. Level talked about is 80 cents but how they even expect to get that surprises me. I assume that FB's recovery modelling has some fairly aggressive forecasts. I know some furloughed pilots are meant to be back on the payroll at the end of January for training to go back on line. Personally I think globally the industry generally ok but with more regional focus so things like Europe ok, US, Asia but long haul faces big challenges. And there is no bigger long-haul for most of the world than New Zealand.
The problems for the travellers are complex long haul ie significant intermediate stops that can become roadblocks for return travel, NZ's supposed inability to provide health care in the event of an outbreak(I haven't heard anyone mention that yet but think about the NZ Govt's messaging on that) MIQ(minor in comparison), carbon footprint(Skyscanner showing carbon cost of various flights), higher network cost due to lower volumes. Let's face it - NZers inability to access their own country also wouldn't fill me with confidence on how it might look to a foreign passport holder trying to return home in trying circumstances.
Tourism has just become much more regionally focused for many because they can choose great regional options. NZers can't because our region is .... ocean!