By at least 35 cents ...
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Even recently when they scheduled opening for Hawaii I believe, I know a few that booked..they cancelled the schedule I believe even before they started flying the route..no refunds given...hacked a few people off... The way i see it... thats as good as a bait and switch!
Leaving aside their very dubious trading practices, frankly, flying in cramped aluminum tubes where you're forced to breath everyone's else's air is something I am very content to leave to others for the foreseeable future. Happy to drive to wherever I need to go.
Guess we need to start worrying when AIR start auctioning off one of the wings or wheels
off the next flight due out to help pay for the return flight .. or offer special scenic parachute
exits to save paying landing fees at the other end ;)
From BusinessDesk
Investors can’t be blamed for wondering why there are underlying differences of view between the board and its controlling shareholder regarding when more capital is put into Air NZ.
(Discl. Short)
There seems to be such a strong support keeping SP above 1.4. Will the large base of retail investors who have the, 'AIR NZ will surely rebound attitude', be enough to stop the SP from dropping down to levels some on this forum are suggesting.
The retail investors now do seem to have quite an influence on the sharemarket. If this wasn't evident the SP should be continually down trending currently and not rallying back up above 1.4. Especially when NZ is now back in lockdown. Delta bad across the globe, cases rising, air travel and tourism getting beaten up ... yet the SP holds support above 1.4??
Paywalled - https://www.nzherald.co.nz/business/...L7XVZJ3Y36DUM/
Looks very grim.
Yikes they'll be asking me to fly the planes soon when they're forced to reduce expenses