AIR - Air NZ.

[Beagle]

SP still not showing too much forward collateral damage

perhaps the hard landing is still to come when the clouds clear ?

Extreme turbulence ahead for sure. Hope all passengers have a very strong stomach and their seat belts are firmly fastened and tray tables folded away. Wouldn't want to be on board this journey for all the tea in China.

[mikelee]

The longer this goes on the harder it'll be for AIR to hold on to talents too. The $1,000 share incentive is a nice gesture but too little too late imo. And with the borders still closed there will be even less reason to stick with a company that can't offer any perks.

[causecelebre]

The longer this goes on the harder it'll be for AIR to hold on to talents too. The $1,000 share incentive is a nice gesture but too little too late imo. And with the borders still closed there will be even less reason to stick with a company that can't offer any perks.

The amount of IP running out the door to market rates is staggering. It's a complex domain and loosing all that knowledge in peoples heads. Because of PR optics staff aren't being paid market rates as a good portion of the packages was based on bonus's and they are running out the door and have been for 18 months now. People not only don't want to work at AIR due to the $ but also because its future is an unknown quantity. In order to back fill these open positions IBM have been engaged for some time to 'consult'. I simply can't see how its more economic to 'employ' a consultant to do the same job at 2x or 3x the rate of a local employee (or freelancer). And there are a lot of them

[Zaphod]

I simply can't see how its more economic to 'employ' a consultant to do the same job at 2x or 3x the rate of a local employee (or freelancer). And there are a lot of them

Given talent acquisition is difficult or impossible, there's probably not a lot of choice right now.

There are also numerous cost and tax advantages in contract labour over hiring employees. It's not a clear-cut choice based solely on the rate. While 2x or 3x can look expensive, there are numerous hidden and very expensive costs when employing staff.

From my experience, AIR are sharp negotiators with these types of contracts.

[nztx]

The market looks a bit strange - many NZX Listings down today .. meanwhile AIR SP goes up ..

Are the Cleaners & Janitors being paid to buy a few, or just topping up to a marketable parcel
that the brokers will accept, so they can dump them all in a hurry .. ?

[101nick101]

The market looks a bit strange - many NZX Listings down today .. meanwhile AIR SP goes up ..

Are the Cleaners & Janitors being paid to buy a few, or just topping up to a marketable parcel
that the brokers will accept, so they can dump them all in a hurry .. ?

Time to buy puts

[causecelebre]

Given talent acquisition is difficult or impossible, there's probably not a lot of choice right now.

There are also numerous cost and tax advantages in contract labour over hiring employees. It's not a clear-cut choice based solely on the rate. While 2x or 3x can look expensive, there are numerous hidden and very expensive costs when employing staff.

From my experience, AIR are sharp negotiators with these types of contracts.

You make some good points.

[Beagle]

https://www.nzherald.co.nz/business/...4X7MBCM67PWBA/
AIR set to make vaccination compulsory for all customer facing roles. Head of the Union "Savage" expresses reservations but seems to be in complete denial that if unvaccinated staff are allowed onboard to in effect pose a clear and present danger to passengers lives the reaction from customers at large will indeed be very savage.

[777]

No reason why the crew should not be vaccinated providing all the passengers are also required to be vaccinated.

[dobby41]

No reason why the crew should not be vaccinated providing all the passengers are also required to be vaccinated.

Considering that the crew meet many, many passengers and the passengers meet only a few crew it seems reasonable for the crew to be vaccinated even if the passengers aren't.