Emirates also has cheap flights...
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I had a quick look at a theoretical booking to Singapore departing 1 August, returning a week later. The cheapest flight departs at 6.25 a.m. meaning a 3.30 a.m. ? set-up for the alarm clock and there was a lengthy stopover in Australia for a total of 19.5 hours travel time. Very gruelling day. Over 20 hours on the way back departing just before midnight in Singapore and another lengthy stopover in Australia. Stopovers with shorter duration and departures at more sensible hours were dramatically more expensive.
Anyway on the competition thing in general. I think most of us are cognisant that cheap oil = more competition and cheap travel deals.
Perhaps its a good idea to have a separate thread in the off market section that covers all the cheap travel deals out there, not just airfares but cruises and any other specials that might interest people ? I'll start it, see here http://www.sharetrader.co.nz/showthr...738#post604738
Another reasonably solid day even with ASX being closed today. must be in anticipation of those Dec strong stats along with some hints about HY results trading update perhaps....
One thing the operating stats will say is group yield is down.
No worries - with long haul growing much faster than short haul group yield must fall (much higher yield on short haul v long haul)
Thing to assess is what revenue growth will look like.
Nicely observed Winner. In the last 12 months operating stat's have always been out before 26th.
The bean counters must have been enjoying their Riviera launches this summer and the fishing just too good to come home...either that or the numbers are so good they're double checking :D
Herald headline 'quoting' Mr Luxon
Air NZ: Domestic and international fares to drop substantially
and the Stuff take on it:
Air NZ signals big drops in domestic and international airfares
Best Wishes
Paper Tiger
He's very good at working the media and public...he has to be. What else do you say when you're about to announce a half year profit that's circa 2.5 times last year's ?
Fact is as many others have been noting, competition is plentiful and prices have already come down both domestically and internationally. Another 13 year high today I see..
I expect a detailed media briefing at the half year that will encompass the full gambit of how they've invested in new more environmentally efficient aircraft, new more comfortable facilities, (lounges), new energy efficiencies, (electric vehicles) and how the public will benefit from more comfortable and modern aircraft and facilities at better prices e.t.c.e.t.c. All feel good stuff for the public. Meanwhile OTOH they'll be handing out the goodies... BIG dividend :D
As predicted - Priming the environmental pump to make the greenies feel good.Quote:
It was also looking at moving its ground handling and car fleet to electric vehicles and an announcement on that would be made soon.
I think that's the answer why the "announcement " hasn't come out yet ...... he would have been facing a barrage of "monopoly ","price gouging "etc etc questions from the select committee. Better to tell them loads of competition which there is ( inbound ) prices coming down, along with their fuel costs all truthful ..... Now they are free to release a bumper announcement . I saw another article today they are hiring quite a few new staff , so they must be busy .......
For those interested, new add by Air.
#AspireToFly: Air New Zealand Cabin Crew & the Adventure of Life Above the Clouds
https://www.youtube.com/watch?v=lmEpkOOItTE
Thanks for posting the links. There's a lot of very interesting information contained within.
I am glad that AirNZ and taking a strong stand on WLG's runway lengthening; no use, no pay. It will be interesting to see how that plays out, as increased landing charges will provide moderately negative impact on future results. The precedent could further exacerbate the issue.