sharetrader

Thread: AIR - Air NZ.

  1. #16741
    Senior Member
    Join Date
    Oct 2016
    Posts
    1,078

    Default

    May get to the stage where NZ Government, just cant afford to keep Air NZ afloat anymore and just has to accept Qantas as an ANZAC carrier. Deep pockets maybe, but just how deep, that is the question.

    Just depends how deep the resurgence of Covid happens when the 1200 or so NZ Residents/Citizens come back from India.

    Apparently its better for NZ if we take back people already infected with COVID from other countries, because it doesnt add to our count, but adds to the country they arrive from. This could be a real disaster that never makes the stats.
    Last edited by bottomfeeder; 23-04-2020 at 05:48 PM. Reason: Added

  2. #16742
    Legend
    Join Date
    Dec 2009
    Location
    Everywhere
    Posts
    7,000

    Default

    Quote Originally Posted by bottomfeeder View Post
    May get to the stage where NZ Government, just cant afford to keep Air NZ afloat anymore and just has to accept Qantas as an ANZAC carrier. Deep pockets maybe, but just how deep, that is the question.

    Just depends how deep the resurgence of Covid happens when the 1200 or so NZ Residents/Citizens come back from India.
    Govt still has dough apparently to throw around at anything but directly at the injured productive sectors & businesses - with Govt's Robertson considering / not ruling out Helicopter payments.

    God knows how many affected SME's coming out the other side the Govt are expecting to see, or are they still blind to reality ?

    It doesn't take many cells to extrapolate that business will be adjusting and repositioning on the other side, with high possibility
    of further waves of jobs thrown on the scrap heap, for Govt to have to pick up the pieces on..
    Last edited by nztx; 23-04-2020 at 05:41 PM.

  3. #16743
    ShareTrader Legend Beagle's Avatar
    Join Date
    Jul 2010
    Location
    Auckland
    Posts
    21,362

    Default

    "Stylish" new uniform for Philippine airlines crew. https://www.nzherald.co.nz/travel/ne...ectid=12327161
    Bet some AIR crew wouldn't mind wearing something similar.
    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

  4. #16744
    Guru
    Join Date
    Apr 2020
    Location
    landskrona sweden
    Posts
    4,308

    Default

    im sure we will see something similar for next autumns return flights to europe 2021..

  5. #16745
    Senior Member
    Join Date
    Jan 2016
    Location
    LA/ChCh/AKL
    Posts
    1,231

    Default

    This is one example what US tourists will face to get here....hmmmm

    https://www.usatoday.com/story/trave...rs/3002301001/

  6. #16746
    Speedy Az winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    37,890

    Default

    Iceman will be gutted

    @camwallace_nz
    Bitterly disappointed that we have announced the cancellation of services to Bueno Aires. We served more than 400k pax over 4+ years on that route. Sth America boss, Alex O has lead a great bunch of professionals who are passionate about @FlyAirNZ @andykirton
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  7. #16747
    ShareTrader Legend Beagle's Avatar
    Join Date
    Jul 2010
    Location
    Auckland
    Posts
    21,362

    Default

    https://www.nzherald.co.nz/business/...ectid=12327253 Reality is just starting to bite.
    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

  8. #16748
    Speedy Az winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    37,890

    Default

    Quote Originally Posted by Beagle View Post

    AIR market cap still $1.3 billion (even with all that debt)so no worries

    Seems to be getting harder to get refunds I hear
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  9. #16749
    ShareTrader Legend Beagle's Avatar
    Join Date
    Jul 2010
    Location
    Auckland
    Posts
    21,362

    Default

    Quote Originally Posted by winner69 View Post
    AIR market cap still $1.3 billion (even with all that debt)so no worries

    Seems to be getting harder to get refunds I hear
    You did well getting in with your refund request while they still had a reasonable amount of cash. Now they are starting to draw on the Govt loan at up to 9% interest that will be sharpening their focus on cash conservation. Better use up the rest of my airpoints next week before they run out of money to pay Miter 10.
    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

  10. #16750
    Senior Member
    Join Date
    Mar 2020
    Location
    In the trough
    Posts
    766

    Default

    Quote Originally Posted by Beagle View Post
    You did well getting in with your refund request while they still had a reasonable amount of cash. Now they are starting to draw on the Govt loan at up to 9% interest that will be sharpening their focus on cash conservation. Better use up the rest of my airpoints next week before they run out of money to pay Miter 10.
    Actually considering dipping into the Airpoints Advance balance to ensure that they don't owe me anything (other than about $400 worth of flight credit)...

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •