Plenty of holders here seem content to look the other way to the trifecta of rising oil, rising competitions and rising NZD. it would seem to be that air nz can only trade off their premium nz reputation for so long before punters jump ship to cheaper carriers (as many air holders have admitted to doing) are the yield decreases just beginning as the competition has yet to be reflected in the stats of say the nz usa route with AA and United due to commence later on this year.