With 3.368 billion shares now on issue there is a lot of work to do for a return on capital. A 1cps dividend would require $33,684,301
Printable View
With 3.368 billion shares now on issue there is a lot of work to do for a return on capital. A 1cps dividend would require $33,684,301
And after the exemplary baggage handling on the first NZ1 to Auckland we have the sequel - flight diverted to Fiji.
If they are true to their recent form, PAX will probably be told to find their own accommodation and denied compensation
The twin-engined planes, although more efficient than their predecessors are struggling to fly the route apparently in certain weather conditions.
This is common practice in the industry. Many a passenger on Queer and Nasty's DFW MEL service have been surprised by a landing in the lucky country at BNE instead because of fuel endurance issues.
Long duration flights require lot of fuel and then even more fuel to carry this extra fuel. Fuel endurance on these flights is so close to safety margins a sparrow farting in front of the aircraft can cause a fuel diversion.
This issue should not cause people to freak out, though a bit of honesty from airlines about the likelihood of diversions and the risk of baggage off loads would be helpful.
Boop boop de do
Marilyn
No, definitely normal for plane to make tech stops, in fact I'd rather enjoy the experience, if I were homeward bound and don't have any commitments lined up on my return LOL.
We've had the exact same experience with multiple airlines including AIR.
One memorable one was NZ8 SFO-AKL.
After sitting on plane at the gate for 2 hours I watched as our bags were offloaded apparently due to a mechanical issue that ground-crew at the time refused to fix due to a strike. The airline had tried to put the entire aircraft up in a hotel, but couldn't due to lack of availability so a decision to continue the flight was made. Most baggage and fuel was offloaded but looking out the window an argument between the fuel truck driver and one of the ground staff was visible. It turned out the truck wasn't large enough to offload the fuel required, so another truck was bought in. Four hours later at 1am, the flight left SFO headed to Fiji (without baggage), given approval to land in HNL to refuel was declined.
We landed in Fiji and another argument ensued between the security staff, one of which wanted to screen all passengers before entering the terminal, while the other argued there was no point because the flight arrived directly from SFO and hadn't made any stops. They battled it out for approximately 10 mins before someone else just open the door and let everyone through. We eventually landed in AKL some 12 hours late.
The airline handled it as best they could. We received food vouchers for Nandi, and extra meals were served on the plane, including while we waited at the gate. Our bags were delivered directly to our house by airport staff the following day.
These unforeseen issues occur reasonably frequently, so it's not worth getting worked up about it.
"‘It was wonderful’: Eviation’s Alice electric airplane wins praise after its first flight test"
https://www.geekwire.com/2022/eviati...t-flight-test/
https://www.nzx.com/announcements/399605
Potential bond offer to replace existing bonds maturing 28/10/22
Kiwibank changing the Airpoints Credit card benefits - was 1 AP per $85 spend - now 1 AP per $115 spend.
I am not sure if this is a KiwiBank initiative or Air NZ tightening the belts and reducing Airpoint incentives. But thats quite a jump
I have just sent kiwibank a dirty email. I suggest all holders do the same!
The Government introduced legislation in 2021 to cap the interchange rates which are the fees charged by banks when customers use a credit card. This will officially take effect from 13 November 2022. KiwiBank and AirNZ will be relying on these relatively high interchange rates to subsidise the earning rates on the credit cards. Now that the rates have been capped, they've predictably responded by lowering the earning rate and increasing the annual card fees.
Although the most pain will be felt by those using rewards cards (AirPoints, Cash Bank etc.), IMO the annual card fee increases are likely to flow through to all card types eventually.
I note that KiwiBank will also not offer a lounge pass for every $30k spent on the card.
Sometime over the next couple of weeks I'll complete some modeling on our spend and see whether we're better off converting to a different rewards card, or just a standard non-rewards type card.
Let us know what you come up with. Be interesting to see a comparison
Yep I'd be interested too. Had a quick look earlier and there isn't a lot of choice. American express certainly gives the best reward. Double whammy in fee increases as well as reduction in earnings. We had 6 lounge vouchers but they expired over the lockdown. For some reason we have not earned any more while still spending same amount of dollars.
This might help
https://www.moneyhub.co.nz/best-credit-cards.html
I used to have a platinum AMEX card years ago but then changed to the Kiwibank one, which has been slowly falling behind in value ever since. The biggest problem with AMEX is that hardly anyone in NZ accepts it.
Amex Airpoints Platinum gives you one Airpoints dollar for every $59 spent - easily the best earn rate. You'd be surprised how many places accept it - all supermarkets, fuel stations, PayPal, many national retailers, any decent restaurant or hotel. They also do some really good cash-back promotions through the year (e.g., I recently spent over $100 at PB Tech and got $20 back. There's usually 4 or 5 of these sorts of events each year that I can take advantage of.) Customer service is excellent as well - the call centre staff are clearly well trained.