Airfreight to many destinations is about the same cost as pre-Covid - much of it subsidized through the Govt airfreight scheme.
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My job day in and day out is to sell air rates. Top of my head there are no airlines or destinations that are at pre covid freight levels yet. HKG is getting close but even the heavily subsidized MoT routes need inflated rates to make a flight financially viable. The subsidy doesn't even cover the missing revenue from what would have been passenger sales. We won't get to pre covid levels until bums are back on seats.
FPH May 27:
• In gross margin, freight costs are likely to remain elevated, and air freight a higher proportion of freight.
SAN May 21:
Container shortages and shipping disruptions have seen space constrained and freight prices rise significantly. Our supply chain costs have risen overall by 12% on a cost per tonne basis, mainly due to airfreight costs.
NZK April 30:
We anticipate our average price will return to pre-Covid levels around June, but margins will still be affected by higher freight and distribution costs. With the freight situation unlikely to improve for the foreseeable future, we will be reviewing our pricing around the middle of the calendar year to recover some of these ongoing costs.
Thanks for the info. We are relatively irregular, high value, low volume and our rates don’t really seem to have changed. May be paying too much to start with!
Until recently we found seafreight costs were also largely unchanged. Now a bit of price gouging going on. Service and capacity also an issue.
An unquantified tale of woe and misery
But the Balance Sheet remains robust
http://nzx-prod-s7fsd7f98s.s3-websit...220/353593.pdf
Sure - and they talk as well about early indications of green shoots all over the place - and hey, 2% revenue growth on last year (though not sure, whether this is overall revenue or just the wildcatch) ... some other companies would use that to justify being a growth company, wouldn't they?
Just wondering, what happened with this vessel they lost earlier in the year to Ministry of fishing due to their geofencing gear not working or wrongly programmed (though I think Iceman said it was just that the captain had a problem between the ears)? ... have we heard anything what happend with this vessel? Maybe the Ministry of Fishing is now competing against Sanford and lost it in some No fishing zone?