Just for comparison: China accounts for roughly 10% of all New Zealand tourists. Sure, lesser exposure than Vietnam, but still quite material.
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Very sobering at this very early stage and it isn't just Chinese by any means that can't or don't want to be travelling. Discretionary long haul travel is on indefinite hold for everyone I personally know. There are those that have to travel long haul regularly for work though, like Iceman and I hope he's okay.
Been there seen it all before... You tend to when you have been in this industry as long as alot of us have!
We were within a few hours of closing the door for good with the Ansett disaster.. Not knowing if we should take our personal equipment home with us each night in case the gates were locked the next day..you tend to grow to be quite resilient in this industry.
Would I buy AIR... Nope... Carona Virus, the787's drama and the like is enough to convince me to look elsewhere..can't quite fathom why the share price is still where it is. Good for holders though and I wish you all the best..
As for Luxon everyone has their own opinions and always will...
I'll keep mine to myself...
And Beagle I can assure you that there has been plenty of pandering to certain groups of the employee community.
They're always going to need highly skilled people like you that fix things Benny so you'll be okay.
Best wishes.
Just a little snippet. My wife yesterday had to change dates on a flight with AIR to London via LA at the beginning of March. The call centre person told us the cehapest option would be to go through HK as "we have had hundreds of cancellations on that route".
Needless to say my wife will go through LA !
Just before it all kicked off, we bought tickets for a holiday to the UK. To via LA and back via HK. Will be watching this one with interest.
Interesting information, though probably predictable.
From personal experience - it is quite easy to catch a flu or bad cold on these long distance flights ... probably every second time I go to Europe I end up with one of these - caught in flight on one of these legs. So far however I survived them all :);
But anyway - I would think that in these hyped up days the risk to catch a bug on the plane might be lower than normal ... everybody will be alert and highly unlikely that they allow particularly in SE Asia anybody with symptoms (no matter which flu or cold) close to the airport ...
Personally - I would have taken the HK connection - it is nicer (and less risk to catch whatever bug) if you
fly in less filled planes and go through well organised airports with friendly staff. North American airports are inefficient, always full with arrogant security staff, bull dogs and a bunch of bureaucrats who clearly enjoy to exercise the nearly unlimited power they have over incoming passengers. Not sure whether queuing up in front of US immigration with lots of other people (some of them might be sick) for often one to two hours really reduces the bug spread.
Anyway - all the best and safe travels to your wife ...
We plan to go August / September and I am sure I won't take the route through the US ..
With the coronavirus around flying on airplanes is a huge no no...
Just a few days ago 21 studies confirmed that this virus can survive for 9 days on surfaces... you touch it and dont wash your hands before you rub your face and eyes and you have it...
Planes are never cleaned efficiently.. maybe this might change with coronavirus i doubt it... the aircon is the worst... the ducts never get cleaned ever id think... which is a breeding ground for moulds and fungus...those little knobs you turn to direct air ive heard are bad bad bad.... but i cant find much info on it and cant remember how i heard about it....
You dont even have to be within 3 feet to catch the virus... from how contageous the virus is id say that if one person on the entire flight has it then by the end every person has it...
I would not be flying anywhere and at least seeing how the weeks unfold... I am to believe the numbers infected are significantly higher than reported... and some studies have predicted that even as early as late this month that hundreds of millions of people could become infected...
:cool:
.^sc
The resilience of some of the corona linked companies like AIR I find surprising. This would have to be $2.00 come March.
You're probably dead right. Passenger revenue last year was $4,960m. Very quick look would suggest an 8% reduction in load factor would suck about $400m off the top line. Then there's the retrenchment of various routes, Hong Kong and Singapore next ?. The effect on revenue would also be serious in regard to route suspensions.
Then there's the effect on yield, super special offers to keep people flying ? and effect on cargo volumes and pricing.
One would hope that Greg Foran would be quick and nimble enough to manage his way through this but a complete newbie to the airline industry at a time when there could be unprecedented disruption is not a good coincidence.
I think the potential for this to be a VERY VERY serious matter for AIR to cope with is crystal clear.