AIR - Air NZ.

[Cyclical]

"we even brought more currency into New Zealand for the banking system"

Excuse my ignorance, but what do they mean by that? Does it reference revenue from non NZ'ers?

[Beagle]

True - but then, their planes won't magically disappear, and anybody buying them on the cheap from e.g. receiver liquidator might be able to start another low cost airline with the advantage that they can time when to start with the business ...

That's going to be a big problem for legacy carriers down the track. New entrants with dirt cheap planes, much cheaper labour from redundant staff desperate to get back into the industry and cheap fuel without legacy fuel hedging issues = some very important commercial advantages.

[Cyclical]

That's going to be a big problem for legacy carriers down the track. New entrants with dirt cheap planes, much cheaper labour from redundant staff desperate to get back into the industry and cheap fuel without legacy fuel hedging issues = some very important commercial advantages.

You're dead right. Air NZ etc need to use this as a proper reset, not just expect tax payers to tide them over and hope to come out the other side BAU with their fat salaries. There is no way they can feasibly operate at a much reduced size while only axing 30% of the current labour base. Tough as it will be to swallow, realistically they need to have everyone reapply for their jobs at rates more in line with the new paradigm. But I guess that won't happen under the left leaning government, so we'll be shafted as tax payers and also on domestic flights for a long time to come.

[Leftfield]

Crikey, even Buffet dropping Berkshire's investments in airlines.......see article here.

[winner69]

Crikey, even Buffet dropping Berkshire's investments in airlines.......see article here.

..but warren should have listened to beagle and sold out completely

[Balance]

Breaking News :

Virgin Airlines shut down NZ operations - 600 staff redundant.

Union disappointed that Virgin did not attempt to at least obtain the wage subsidy from NZ government to tide the next few months over.

[BlackPeter]

..but warren should have listened to beagle and sold out completely

He probably should have just listened to himself and not have bought them in the first place :

[Beagle]

https://www.rnz.co.nz/news/business/...-nz-operations

[Baa_Baa]

..but warren should have listened to beagle and sold out completely

And gone short?

[Balance]

He probably should have just listened to himself and not have bought them in the first place :

https://www.cnbc.com/2017/02/27/warr...ne-stocks.html

Why he bought :

"These aren’t last century’s airline companies, and that’s why legendary investor Warren Buffett is spending money on them."