AIR - Air NZ.

[redzone]

I wonder if that instruction came from the majour shareholder

[Steve]

It appears thar AIR NZ won't be lowering the fuel surcharge in the near future due to over-hedging

Air NZ not cutting fares as fuel bill drops
In August, at its annual result briefing it said it was 60 per cent hedged at $US71 ($NZ104) a barrel - meaning that would be the maximum price it would have to pay for 60 per cent of its fuel.

It was currently 72 per cent hedged at between $US62 and $US72 a barrel.

[BRICKS]

BRICKS leaves NZ for AU Wednesday hope the market grows in 2007 at the moment seems not ON.. [8D]

[Steve]

Now that Qantas have lowered their surcharge, how long before AIR will follow?

[Sideshow Bob]

In the past when they had hedged well, they still put the surcharge on.

Just another form of taxation.

When is Auntie Helen & Uncle Michael going to bail out??

[Steve]

quote:Originally posted by Sideshow Bob

When is Auntie Helen & Uncle Michael going to bail out??

I think that they will leave it for the next government to sell...

[Steve]

Air NZ cutting fares in bid to lure travellers

Air New Zealand will today announce big cuts to its domestic fares in an attempt to entice more people to travel by air.

The Herald understands the airline will make cuts of more than 15 per cent on its cheapest fares on many routes, including the main trunk routes and regional routes.
...
Deutsche Bank transport analyst Jason Bloom said any Air NZ fare cut might be an attempt to stimulate demand if forward bookings were slowing.

The airline might also be trying to send a message to any competitors planning to fly on domestic routes to say, "We are willing to lower prices and it isn't a market where you can make lots of money".

[CJ]

quote:Originally posted by Steve
The airline might also be trying to send a message to any competitors planning to fly on domestic routes to say, "We are willing to lower prices and it isn't a market where you can make lots of money".

Less than a week after Branson was in the country. mmm. Seems to me that while most men dont mind paying a little money to get into a Virgin, Air would prefer to keep them off its street corner.

[Steve]

I wish that a reporter would do an in-depth piece of AIR detailing how the business went from "if we don't code-share with Quantas, we are in BIG trouble" to "no code-share but profitability expected to soar".

Perhaps an academic could make a case-study out of it?

[scamper]

it looks as though AIR may have done its dash for the moment.
270k buyers, 1.1m sellers
i suspect it will be a similar pause to that from mid-Oct to mid-Nov.
2k buyers at 199 and 226k sellers at 200.
scamper still holds a few.