On fire indeed ...could get to 2 bucks before OCA gets to 1 buck
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Talk of AIR scrapping their 777-200 and possible 300s as well. That could be one helluva write down.
I've done a lot of miles in these aircraft and they've been very reliable old workhorses https://www.stuff.co.nz/business/121...act-of-covid19
They'd better be quick, looks like the plane graveyard at Alice Springs is filling up very quickly ! https://www.news.com.au/travel/trave...d6222fd07cc4f6
Consumers surprised that only 6% of their subscribers who had cancelled flights got cash refund ..others got credits
Airline guru commentator says consumer just doesn't understand how airlines work....if they refunded everybody they'd be insolvent
Methinks the airline guru commentator doesn't understand morality or what insolvency means.
So...its morally acceptable to issue flight credits which must be used in a tight timeframe, irrespective of whether one's circumstances have changed or not and irrespective of whether AIR now fly where you want to go and these credits are being issued by a company that is technically insolvent if it weren't for these credits they would be insolvent. This a company that's keeping 70% of its staff and presently doing 10% about of its business and that means the company is worth $2.
Houston, I think we have a problem...
I don't really have a big problem with credits but I'd rather have the $10k they owe me in cash.
The problem I do have is that it seems that you can exchange a credit (based on booking reference) for 1 new booking. So if I have a credit for $1k and the new flights cost $600 I have lost $400 - very clever on their part.
I'm disappointed that you can't just use $ credits like $ AirPoints and do it on-line - just add a new total, Status Points, AirDollars and AirCredits.
I agree that if they cannot deliver the service a refund should be offered (which I have received, for a trip to US).
However no one was complaining about airlines that were leveraged to the gills (both debt and operating leverage) during the relentless decrease in air fares over the last 30 years. Maybe this is the price consumers have to pay for being able to fly anywhere in the world for the cost of 2 weeks pay.
If airlines had to pay out I am sure many would indeed go insolvent, or be bailed out by the tax payer. I'm sure those living pay cheque to pay cheque would take a dim view on subsidising the jet setting class.
but of course we'd be arguing the other way if it suited us, remember the T+C's of buying cheap airline tickets.
I agree its not morally fair but it is in the contract when purchasing right? Lets remember we support the rule of law.