It is interesting that there is no mention of cashflow.....
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It is interesting that there is no mention of cashflow.....
Another upgrade and it could be a record H1 for AIR
Guidance $325m same as achieved H118 and not far off recent high of $457m in H1166
Incredible performance
Would love to get in on an electric plane. I always wonder when we will be able to ride one domestically.
Would these planes be more limited in size or range? They look like they world struggle the Auckland to Wellington trip
Good Megan sorted out jet fuel crisis ….well done the Government
@Megan_Woods
Great news! Jet fuel allocations back to normal after work between Government, fuel companies, airlines and airports to manage a temporary shortfall due to ‘off-spec’ shipment of fuel last week. Monday’s shipment available to Akl airport from tomorrow & 3 more due by 26 Dec ✈️
When Mike says AIR have stuffed up digitally they must have stuffed up big time
Air New Zealand has taken a big step backwards in customer experience
https://www.stuff.co.nz/business/opi...mer-experience
Compared with the ATR-72 600, Alice has less than 1/3 the range*, 2/3 cruising speed, 1/7 passenger load, and 1/6 total payload capability.
EDIT: I've omitted the A320 figures because IMO it's not a fair comparison between a turbofan with electric-prop based aircraft. The ATR's also service the sectors you've mentioned.
*The manufacturer has listed the VFR day range, but in the short time I researched this, I couldn't find figures for average conditions, hence 1/3 is probably optimistic.
I see that AIR has now rescheduled 2000 flights for next year. They say 90% will leave within sixty minutes of original schedule (that's probably just about as good as flights that haven't been rescheduled:p).
But on a more serious note, they say that 10% of these flights, presumably international, have been rescheduled for a different date - no mention of compensation for the inconvenienced passengers (extra accommodation, food, ground transport, extra days off work, missed activity bookings etc). AIR seems to think they will get away with this but in reality they are on the hook for damages under the Civil Aviation Act up to $8800 per pax whether they like it or not.
So let's say the average cost to pax is $1500 and 10% of 2000 planes are affected, say 100 pax per plane, I think AIR is looking at some serious compensation - circa $30m. And the extra damage to reputation
Gawd Struth .. all those accolades in the Article Comments section - Not :)
Air NZ hold your head in shame or at least consider a name change SH*TAIR
seems to be the best suggestion ;)
At this rate all of the South American Airlines would likely run rings around AIR
by a country mile :)
Any wonder so many of the best Staff probably aren't in least interested in having
anything further to do with AIR after the way they were treated in recent years
https://thebull.com.au/18-share-tips...6+January+2023
Sell recommendation on Air NZ.
Quote:
The airline recently upgraded earnings before other significant items and tax to between $295 million and $325 million for the first half of fiscal year 2023. This compares with previous guidance of between $200 million and $275 million for the half year. In our view, higher interest rates and rising cost of living expenses may curtail airline travel after the holiday season ends.
https://www.nzherald.co.nz/nz/passen...CIMUCWRAWFUIM/
Passengers left fuming after Air New Zealand New York to Auckland flight delayed by more than 48 hours
it wont take too much of this sort of AIR NZ screw up to send patrons off over to the circling
competition ;)
AIR might not only be operating on borrowed cash, but also borrowed brownie points
and borrowed time before the consequences hit ..
Oh look .. the Competition just announced they're flying back in:
https://www.stuff.co.nz/travel/news/...hurch-in-march
Double-decker Airbus A380 to restart daily flights to Christchurch in March
No 48 hour delays with their flights - I bet :)