I passed through Heathrow T5 on Sunday flying to Istanbul. It was quite busy in the terminal building and on the flight economy was full.
The current problem for European aviation is not having enough staff available to meet the demand.
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This may be true in Europe and the Americas but isn't in Asia which is important to Air NZ. 400m odd middle to upper class Chinese aren't even allowed out of their apartments. People in Taiwan and SEA are also still very cautious.
Anyone know how the loads are on trans-tasman flights this month? A far more important market for Air NZ.
looks like it: https://www.drylandcarbon.co.nz/
interesting chat on sustainable aviation fuels and emissions costs here: https://consult.environment.govt.nz/...s-nz-ets-2022/ "Climate Change (Liquid Fossil Fuels) Regulations 2008 - Change the methodologies that opt-in participant and obligation fuel participants use to calculate emissions, so the full reduction in emissions caused by the opt-in participant’s supply of biofuel is part of their emissions return."
Exactly Beagle, They should just be upfront about it nd treat it like a charity to keep our national airline afloat. Rather than trying to misled or 'trick' the public into thinking it is such an amazing opportunity and deal. Just be more upfront about the numbers and why the share offer is 0.53c. Not mislead people into thinking its some kind of amazing bargain. And in fact that they should expect to see the SP drop to these levels after the cap raise so there is no surprise. Surprise can have a spiralling affect and create fear and in turn negatively affecting a share price more. If people (including newer investors) know to expect SP to settle in and stabilise around the Cap Raise price 0.53 it would be less likely to then see people sell out of fear if their cost average price is considerably higher 0.75 - 0.90 for example, cutting their losses when realise they didn't make a 'quick buck' out of this supposed amazing discount opportunity. It's just setting the whole thing up to collapse on itself once people realise what it all means when the dust settles. With their only aim being to try to squeeze as much money out of existing shareholders (who do not want to see their previous shares diluted in value), and new investors dumping money in to. Just to keep the airline afloat, but have complete disregard for the shareholders who will get stung in the backside. Air New Zealand has huge headwinds on all accounts and massive debt levels beyond which any other company would be sustainable to not be bankrupt.
As you say a much better approach would have been to incorporate tax deductible donations. And honesty from the government and AIR NZ as to the structure, meaning and reality of this.
What are folks guesses of when this unrealistic SP in the 0.8's take the next dive down? Are there that many fool hardy punters buying in at todays SP still, senseless.
Nicely said Maxtrade. Its well worth noting that the Govt's stake is being reduced down to 51% through this process so they want to maintain control but socialize as much of the losses as possible.
Why do they want to maintain control, some might wonder ? Well aside from the need to have crucial transport infrastructure for domestic travel at a reasonable price, (heaven forbid someone like Emirates dominating N.Z. domestic travel and prices) they need it for international freight but its well worth noting that even when AIR loses money each year and the Government don't get any direct income from company tax or dividends, they are still collecting hundreds of millions per annum from GST on domestic travel tickets and PAYE on all the staff salaries and wages.
The clear risk with this disingenuous refueling for recovery, maximum lipstick on a pig marketing story is that they might have to refuel again and possibly even a third time because this road to recovery could be a lot longer than they are leading people on, to believe. You could easily end up with a whole new generation of disillusioned investors who could legitimately claim they were lead up the garden path to be shorn like sheep with no mercy whatsoever for leaving a bit of the fleece on their bodies for the chilling winter of discontent that's coming as sure as night follows day...
Wondering whether this article in the herald (sorry, paywalled) is relevant for AIR's future:
https://www.nzherald.co.nz/business/...G25LG2NSQOXLA/Quote:
A New Zealand company is trying to raise close to $800 million for an ambitious project to link towns and cities with all-electric "sea gliders", a boat-plane hybrid with top speeds of up to 540km/h.
If it gets off the water, Ocean Flyer would revolutionise transport around Aotearoa and is promising low-cost fares and bus-like frequency through low operating cost of the craft which would dock near many city and town centres.
Apparently AIR Napier needs only $800 million (i.e. less than the current AIR CR) to set up a fleet of environmentally friendly seagliders connecting NZ's major towns - cheaper than AIR's planes, nearly as fast and much more environmentally friendly compared to AIR's fleet of global polluters.
Sure, sounds like the future :cool: , but hey - its not April 1st and maybe this is where we are going (vs moving back into the past).
Hope we’ve all pledged to follow the Tiaki Promise
Air NZ seem to be pretty committed to it pleading to all to take the pledge
We pledge to take care of people places and the environment while we burn billions of liters of aviation fuel into the upper atmosphere where it does most damage...what an awesome pledge lol
Here's a better one, I pledge not to fly on any aircraft unless is absolutely essential for work purposes.