LOL right up to the point where AIR try and charge this Beagle $500 return to fly to Wellington !
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Last financial year AIR made $24 profit per passenger flown. That’s the average across the whole group.
So hopefully they’ll fill that seat you aren’t going to use mr beagle
I'm a very nervous flyer mate so there's not much in the way of fingernails left after that sort of experience lol and that's with full knowledge AIR's pilots are fully trained the old fashioned way on Cessna's and such like through proper flight school's. No idea how Jetheap passengers get on, (those that know these things) knowing their mainly foreign sourced pilots are trained mostly using play station games, opps sorry, I mean flight simulators.
Think AIR fly just under 200,000 flights a year
That’s about $2,000 profit per flight (on average)
Hope they fill that seat you don’t want beagle .....as the profit only comes from a few passengers per flight
LOL, doubt they'll miss me on that flight mate. Gave them a feed recently with my Queenstown trip.
I see the general counsel / company secretary is leaving after less than 2 years in the job. Hope they can find a really good lawyer to take her place as they'll need to tool up to take Rolls Royce on I feel.
This business of rolling over like a pet Labrador and accepting a $30-40m haircut to the bottom line because of RR's engine engineering ineptitude has to stop.
Chris Luxon keeps reminding us that they have an excellent relationship with RR, well why are they simply accepting a massive haircut for problems that stemmed from them without a fight ?
RR told them these engines would be fixed in April / May 2018 and then suddenly its delayed for a whole year.
What happens if its delayed for another year, does CL still play pussycat and kowtow to the "mighty" Rolls Royce ? What happens if the new Ten version of this Trent engine also is hugely problematic and it causes years of drama's, loss of profits and loss of reputation for AIR ? Do they still say we have an excellent relationship or is it time to man up and get litigious and fit proper engines to these nightmareliners ? Might make Chris's day and email him a copy of this post :lol:
Ironic that at a time when finally these capex intensive planes would be their most commercially advantageous (highest oil prices in over 4 years) we have several sitting on the ground like wounded ducks.
Beagle said — LOL, doubt they'll miss me on that flight mate.
But if there’s quite a few like you not flying they might start missing you.
Dog leg's due to lack of decent ETOPS rating. Wonder if they get compensation from RR for the extra fuel ?
This seems to have slipped under everyone's radar last week http://www.scoop.co.nz/stories/PA180...of-tourism.htm
New $35 levy for tourists.
Sure, but dividends just make the case stronger. With 5 year returns of over 200% and 300% why do you still say never to invest in airlines?!?!
Have you swapped your stripes for Buffet's spots and gone into his "never invest in airlines" cave??
There are substantial barriers to entry for new competitors as Air Asia X, Jetstar in NZ and Norwegian prove. Plane production is limited in the medium term as are pilots, engineers and now even engines. Plenty of short term risks that can trip up under funded or unlucky new entrants (Kiwi Air, Origin Pacific etc). And of course strong demand growth that has continued for decades as per seat costs fall.
Top brands with captive and rational home markets like Air NZ, Qantas and the US big 4 have proved resilient and attract the best employees and customers. They are like the Apple of their respective markets earning the majority of the industry's profits compared to the budget airlines that get left over crumbs just as Android manufacturers do.