Originally Posted by
BlackPeter
Interesting.
Not sure though, one isle planes are more economical to operate - but I guess it depends on the number of people you want to transport (and who want to be transported).
Just wondering, though. Do we know whether the taxpayer lost long term money with Air New Zealand?
While the taxpayer had to chip in money at times (and lots) ... they made as well huge profits at times with AIR, e.g. by selling half of what's now worth peanuts for a huge amount of money to clueless retail investors, and just by cashing in all the nice dividends over the last decade or so (well, minus the Covid years).
I didn't took the sums, but I am pretty sure that over the years the tax payer had worse things to carry than AIR ... and yes, now seems to be again one of these darker periods.
While I think that AIR will turn out for current retail shareholders a disaster ... I would not be surprised if whoever is minister of finance in say five to ten years from now can cream them again ...