+1...you have summed up the situation perfectly.
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Big news just mentioned in the live health briefing: possibility that self isolation requirements for people entering New Zealand may disappear altogether within the month (minister: “expecting to receive advice on that within the next week or two”)
This would be a significant event for the restart of international tourism into NZ.
This is back from mid-Nov on the NTA issue. I will also repeat AIR will lose money at least until FY25, unless it does an almighty cost out. Why? Just because you fly plane on a route doesn't mean you make money. Load factor break even I can only guess cause haven't modelled for over 20 years but probably 60% under the old rules when business seats paid for alot of the flight. Note today's announcement on re-hiring aka costs. Cost out exercise coming doesn't reconcile with that re-hiring.
I predict(not forecast under FMA rules lol) 2-3 cap raises. 1st, the "Light at the End of Tunnel" raise, 2nd, the "Almost at the End of the Tunnel, Just got to get There" raise and finally the "Recovery Opening up Opportunities(but we are cash-flow negative and just need some money brother because we been flying for no cash cause of them pesky credits) " raise. $3 to 4 billion in total. "Welcome to my parlour boys" Quote JA 2022.
Agree, this is basically AIR's "financial" Mt Erebus disaster event and it will take many years and many billions get though this. The Govt take many, many hundreds of millions per annum out of AIR in good times with GST, PAYE for staff, Company Tax and dividends so I see no reason for help them subsidize the losses. Anyone who is stumping up for the capital raise for AIR should ask if they're a registered charity so their donation will confer them some tax relief lol
https://www.stuff.co.nz/national/pol...as-cases-mount
Quote:
Tourism Industry Aotearoa (TIA) spokeswoman Ann-Marie Johnson said it was reassuring to hear the Government was reviewing self-isolation requirements for international arrivals.Having isolation requirements in place meant New Zealand was off the radar for international tourists, she said.
“With the move to phase three of the Omicron response, the rationale for keeping self-isolation rules in place no longer exists,” Johnson said.
TIA was working on an evidence-based case for removing self-isolation requirements and would provide it to the Government as soon as possible, she said.
Was in the viaduct for lunch today. Only went there because most other places are closed. Most of the viaduct is closed also. Very few people around, less than the last lock down. Be nice if a govt minister had a look around at the devastation. In Australia they show up for the big fires. Here there is an invisible fire so no one shows.....