Interesting comments coming out from Ryanair when announcing their results. Also interesting to see they have hedged 90% of their FY2019 fuel.
https://www.bloomberg.com/news/artic...bor-costs-jump
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Interesting comments coming out from Ryanair when announcing their results. Also interesting to see they have hedged 90% of their FY2019 fuel.
https://www.bloomberg.com/news/artic...bor-costs-jump
The author admits she actually wasn't entitled to access the Air New Zealand Lounge except as a guest of someone else - she's entitled to an opinion but she seems disenfranchised by her millenial sense of entitlement for a serene experience and exclusivity.
As a parent of young children, the access to the lounge for the family actually drives me toward loyalty for Air New Zealand for our overseas family holidays as opposed to other carriers and believe me I spend more time in the Auckland Lounge than I'd like.
I have posted this already but it worth repeating.
I have an acquaintance who does a lot of air travel. He regards airline lounges as overcrowded bun fights. He reckons up market restaurants or bars in the terminal are a less crowded better experience.
Boop boop de do
Marilyn
PS For those interested in corporate travel manager Serko he has some very uncomplimentary things to say about corporate travel policies corporate travel software and the gibbering baboons from corporate personnel who run it all.
Koru lounges are over crowded compared with 3-5 years ago, the experience has fundamentally changed. It may work for you with young children however most people in the lounges are MPs, officials of the public service, sports teams and business people...so you would be in the minority when I have ever visited.
Other options certain have become more popular and available over the past couple of years and now hardly use koru lounges..
FNZC research on AIR today says 28% increase in crude oil in NZD terms and lack of forward hedging in 2019 gives them target price of $2.98, down from $3.00 and UNDERPEFORM (was NEUTRAL).
Out of this for now, good returns over last two years incl that juicy special divvy in 2016 plus decent capital gain.
Interesting................ 23/05/2018 Morningstar BUY recommendation
Good volume recently maybe NZ retail shrinking ?
there is a mistake somewhere - they must mean SELL/REDUCE (the valuation they have is $2.60). Usually, the rule of thumb is you should do the opposite with these guys, but in this instance I agree with them.
I think the smart retail is exiting (or already has) and instos are propping up the SP by accumulating $3.30-$3.40. AIR can work in strange ways sometimes.
I don't think we have seen the end of the engine issues, plus there is the rising oil prices. Once the increase in oil slips past AIR's hedged position, how long before the cost of flights increase. AIR will pass-through costs and passenger numbers will dip because people will struggle to afford to go on holiday, perhaps electing to stay local instead.
Some media reports also mentioned they had looked at international pricing where longer sectors mean a higher relative fuel cost as a percentage of overall flight costs vs domestic and couldn't put prices up due to international competitive forces at work. Jetstar today with a sale in the market with some eye watering prices e.g. Auckland to Queenstown for $45 !...surely this is below cost for those prepared to book far enough ahead ?, (October - Early December). Might have to revisit my self imposed ban on travelling Jetstar at that price ! :D I know they're absolutely the pitts with their service but you're only paying for your share of the jet fuel at that price and nothing else !
I used another option recently when we took the family to New Caledonia which was much quieter although I paid as opposed to access to Koru where I have access due to business travel.
Yes it is full of MPs and others you mention - the eldest met the ABs on his first overseas trip and mostly it is mainly me there for business travel. But it’s no different from say a Visa GoldCard which used to mean something but now everyone has one and you get bumped up up a free Platinum one instead.
As mentioned earlier the specials are similar prices every year within a few dollar for early bookings, I believe they reflect normal retail. I go to Queenstown for a conference every September and never paid more than $50 for a seat down. Book last week $49, prior year $45. So that is six years in a row...
"But it’s no different from say a Visa GoldCard which used to mean something but now everyone has one and you get bumped up up a free Platinum one instead."
The difference is that AIR does not offer tiered lounge services except for a very small group...
Star Alliance lounges are far superior, so are their main competitors to Europe. They get a free pass on Australia or US thou....