World's Best Airline on Sale
More good news for Air NZ today with the share price building off its lows in the last few days.
Quote:
Annual visitor arrivals to New Zealand hit the 2.5 million mark last month for the first time, says Statistics NZ.
This bit is especially relevant for Air NZ with their focus on North Asia.
Quote:
June visitor arrivals were up 8 per cent from the same month last year, with more people arriving from Australia and a recovery in numbers from China, Japan and Korea. Arrivals from these countries in June last year were particularly hit by the H1N1 pandemic.
"There is also a clear sign of Asian arrivals rebounding from swine flu- induced weakness, with Korean, Chinese and Japanese arrivals up 33 per cent year on year," he said.
http://www.nzherald.co.nz/business/n...ectid=10660234
Air NZ Kills off another Competitor
The world's best airline has seen off another airline. I was picking VBA to stick around till after the world cup next year but seems they saw the writing on the wall with the arrival of Air NZ's new domestic A320 fleet next year.
Seem to be in a hurry to get out too, giving only 2 months warning. Aircraft to be re-deployed on to the Tasman and back to Aussie no doubt.
Pacific Blue pulling out of NZ domestic flights
http://www.stuff.co.nz/business/indu...mestic-flights
Share price has responded too, continuing on its upward trend.