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28-11-2018, 08:10 AM
#14071
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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28-11-2018, 09:10 AM
#14072
Originally Posted by Beagle
Could make a start by stop making those stupid (or are they cringeworthy) expensive safety videos
Good to see them saving their way to prosperity ...shareholders should be happy
But oil is heading into the $40s so doubly rewarding for AIR
Last edited by winner69; 28-11-2018 at 09:12 AM.
When investors are euphoric, they are incapable of recognising euphoria itself
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28-11-2018, 09:35 AM
#14073
I see Chris Luxton want to cut $30M from costs. Should be able to save at least $1M by going back to simple, brief, no frills straightforward safety videos which don't irritate half the pax & everyone can understand (esp hearing impaired, English second language etc)
Just a little anecdote, I remember years ago (when US airlines served something resembling meals) a large US airline CEO needing to cut costs, incentivised staff for helpful suggestions. One of the cabin crew noticed when the food trays were collected back off the pax, 90% of them left the little black olives untouched. The airline management found out it was spending almost $1M a year on those olives which largely were ignored & thrown away, so immediately saved $1M without any impact on pax. Times & tastes have changed & I love olives (though not keen on those old small tasteless ones), but a story on how staff can often see things senior management might overlook.
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28-11-2018, 10:21 AM
#14074
While it was announced yesterday I would suggest that these savings were started a few months ago.
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28-11-2018, 05:06 PM
#14075
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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28-11-2018, 05:28 PM
#14076
For clarity, nothing I say is advice....
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28-11-2018, 06:07 PM
#14077
No wonder AIR is Kiwi's favorite employer. ~ $1.3b wages bill for 11,000 staff that's an ~ $118,000 average !
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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28-11-2018, 06:12 PM
#14078
Originally Posted by Beagle
No wonder AIR is Kiwi's favorite employer. ~ $1.3b wages bill for 11,000 staff that's an ~ $118,000 average !
I suspect long hours and travel allowances might explain some of that ...
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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28-11-2018, 06:21 PM
#14079
Originally Posted by BlackPeter
I suspect long hours and travel allowances might explain some of that ...
6 weeks annual leave, annual bonus's and free travel perks on the other side of the ledger not too shabby either. If one gets into the elite inner circle they even get an electric car to drive...not sure if that's a bonus or not lol
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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28-11-2018, 07:00 PM
#14080
Originally Posted by Beagle
No wonder AIR is Kiwi's favorite employer. ~ $1.3b wages bill for 11,000 staff that's an ~ $118,000 average !
Must be an excess of Troughers then if the average is 118k, compare that to the village manager of a large retirement village like RYM with 400 residents and 150 staff to look after plus all the relatives to deal with, all that for 100k salary.Lol
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