AIR - Air NZ.

[Balance]

Thats the other fun fact, during normal times they have a monopoly on a good number of sectors, where they have serious competition they have bailed. i.e London route

Protected people at the expenses of the tax payers and customers..except for the health professionals can't think of any larger higher paid group. Most lost protection through the deregulation, that was over 30 years ago..time to jump into the real world.

On the overall tax contribution..who pays for that unless financial engineered..yes the customer.

No complaints from this passenger - plenty of competition out there these days, on international routes and main domestic routes. Where do they have monopoly routes - name 1.

The advantage of flying Air NZ (as in all national carriers) is direct non-stop flights - one pays more for the convenience and that's a fair enough choice.

Plus, I also know many Air NZ staff and they don't have a bad word to say about the airline. Some have been made redundant but having been there for decades, they saw the writing on the wall years ago when the airline started hiring crew from Asia at significantly lower costs and outsourced more and more of their servicing requirement. All airlines with a high cost structure competing against the budget airlines had to do the same. The smart ones diversified their risk from solely relying on Air NZ income a while ago - by investing in other businesses and up-skilling themselves.

[Raz]

No complaints from this passenger - plenty of competition out there these days, on international routes and main domestic routes. Where do they have monopoly routes - name 1.

The advantage of flying Air NZ (as in all national carriers) is direct non-stop flights - one pays more for the convenience and that's a fair enough choice.

Plus, I also know many Air NZ staff and they don't have a bad word to say about the airline. Some have been made redundant but having been there for decades, they saw the writing on the wall years ago when the airline started hiring crew from Asia at significantly lower costs and outsourced more and more of their servicing requirement. All airlines with a high cost structure competing against the budget airlines had to do the same. The smart ones diversified their risk from solely relying on Air NZ income a while ago - by investing in other businesses and up-skilling themselves.

Thought i was on your ignore list. NZ Regional sectors and especially AKL-LAX are in essence a monopoly.

I think everyone in NZ knows at least someone working at AIR. I also know staff at AIR and in particular the engineering division, I have yet to find someone who has kind words for airline management. Still they have a rather well paid union deal

Middle management have golden hand cuffs and lower level staff are really nice yet paid a premium for their work and they are thankful.

Know three pilots, they could not earn the same overseas they tell me.

The executives lived rather large pre covid-19 in Queenstown on the company tab. Many people perceive they have an entitled culture and drinking with them and socialising in the past... I would tend to agree. What the company paid for perks compared to what was acceptable when i was an executive for a public company ten years ago... was rather excessive.

[Raz]

Above posts are from late January 2020 when the smart money got out at close to $3. Crikey mate, you think things might have changed just a "little bit" with Covid 19 ?
I think the people noted above can allow themselves a small pat on the back as it took until April 2020 for the legend Warren Buffet to wake up and smell the coffee !
I'm disappointed with your post, that's a pretty cheap shot. All anyone can do is call it as they see it and when business conditions change dramatically take the appropriate action in a timely manner to preserve their capital. Those who didn't take action in a timely manner suffered the consequences, including Warren Buffet !

Warren wanted out, his parcels were just too large to shift

[Beagle]

Warren wanted out his parcels were just too large to shift

Yes I suspect that's exactly what slowed him down and a timely reminder that small investors have one (and only one) key advantage over institutions with large holdings, the ability to be nimble and liquidate quickly when circumstances warrant it. This one key advantage was wasted by some on here.

Coutts wanted me to post that what he finds most offensive was the cancellation by AIR of tens of thousands of customers bookings. Then saying they will give you a credit but not doing so. Those bookings were cancelled even though the flights were still going ahead at exactly the same times for goodness sake !! Customers who wanted to go (and avail themselves of pre-booked and prepaid hotel and rental car arrangements that are often non refundable had to re-book on exactly the same flights at several times the price.

How is this legal ? Is this not a form of commercial extortion ? How is this not a blatant breech of the Fair Trading Act ? They are forcing people to pay several times the price otherwise they lose thousands of dollars of prepaid hotel bookings. This meets the definition of commercial extortion. AIR still have a compass on their aircraft but they have completely lost their moral and ethical compass. Customers will remember the way they are being treated for many years to come.
https://www.nzherald.co.nz/business/...ectid=12330512

[Raz]

Yes I suspect that's exactly what slowed him down and a timely reminder that small investors have one (and only one) key advantage over institutions with large holdings, the ability to be nimble and liquidate quickly when circumstances warrant it. This one key advantage was wasted by some on here.

Coutts wanted me to post that what he finds most offensive was the cancellation by AIR of tens of thousands of customers bookings. Then saying they will give you a credit but not doing so. Those bookings were cancelled even though the flights were still going ahead at exactly the same times for goodness sake !! Customers who wanted to go (and avail themselves of pre-booked and prepaid hotel and rental car arrangements that are often non refundable had to re-book on exactly the same flights at several times the price.

How is this legal ? Is this not a form of commercial extortion ? How is this not a blatant breech of the Fair Trading Act ? They are forcing people to pay several times the price otherwise they lose thousands of dollars of prepaid hotel bookings. This meets the definition of commercial extortion. AIR still have a compass on their aircraft but they have completely lost their moral and ethical compass. Customers will remember the way they are being treated for many years to come.
https://www.nzherald.co.nz/business/...ectid=12330512

I know... its horrific and have not added details that I know of over and above this. How could you plan a flight with any assurance given their actions of late in the current environment.

[westerly]

Warren wanted out, his parcels were just too large to shift

Ignored his own advice. https://www.forbes.com/sites/tedreed.../#135d37c7745b

westerly

[Balance]

I know... its horrific and have not added details that I know of over and above this. How could you plan a flight with any assurance given their actions of late in the current environment.

Current - operative word.

Airline - how are other airlines managing the current environment, handling customer complaints & flight disruptions?

[Mr Slothbear]

Executive team getting a prune from 9 to 6.
https://www.stuff.co.nz/business/ind...e-team-slashed

[Miway]

I had fare bookeed for Europe with Qatar in August I cancelled in mid April. via travel agent.
Was offered rebooking at no extra cost plus able to change destination with up to 5000 extra km, or take a credit with a voucher for an extra 10% above what I'd paid, or take a full cash refund.
I took the full cash refund and it appeared on my credit card within 24 hours. Couldnt ask for better service.

Current - operative word.

Airline - how are other airlines managing the current environment, handling customer complaints & flight disruptions?

[Benny1]

Some airlines have scrapped their entire 777 and others their A380 fleet. Scrapping all 777's would be a good way to extricate the company from legacy elite payment contracts where pilots earn around $500K a year. 777's probably as good as useless for years anyway.

9000 been laid off from Rolls Royce, good luck with getting the 787 engines serviced in a timely manager in the future... If AIR puts all its faith in the current 787 fleet going forward then good luck to them!