AIR - Air NZ.

[bull....]

Interesting question.
At the time of the SAARS outbreak, Statistics NZ figures showed visitor numbers from Asia fell by 26.8% & from the US & by 9.7% compared to the same month previous year. AIR had to reduce capacity on Asian routes for 6 months as load factors dropped by 5.7%.

The Ebola outbreaks occurred mostly in Democratic Republic of Congo & West African countries such as Liberia, Sierra Leone, Guinea & Nigeria none of which we have direct flights to or significant travel between.

With around 30 flights a week between NZ & China and over 400,000 international arrivals a year from China, am sure the govt & airline & tourism industry keeping a very close watch on this latest epidemic.

However, to keep some perspective, 17 deaths out of a population of 11.8 million in Wuhan so far.

I've always thought contagion & resulting panic is one of the biggest risks to airline industry & it's not if but a question of when.
Apart from the travellers, how would the company deal with a situation where pilots and cabin crew refused to expose themselves to the risk by flying to a destination. I don't believe the airline could impose that on anyone.

good stats , had a big impact on air earnings

[Snow Leopard]

...
The disestablishment of these hedges really expensive eh ...so previous years profits have been ‘overstated’ under of guise of lowering earnings volatility
...

Best wait see what how the accounts actually read when published.
All these accounting changes seem to take from one part of the accounts and give back to another.

Makes the true picture a little more fun to decipher.

And AIR can always maintain their profits by fleecing domestic passengers again and again:
https://www.stuff.co.nz/business/119...urbing-flights

Happy flying.

[dreamcatcher]

Jetfuel fallen 32c over last 3 weeks to $1.70 gallon

[brend]

Coutts, I reckon this virus is going to hit them like a sledgehammer. I wouldn't get on an aircraft for any reason to go anywhere at present.

AIR are allowing flights to be changed with no additional cost atm. We brought our flights forward to tomorrow so we can get home.

[dobby41]

I wouldn't get on an aircraft for any reason to go anywhere at present.

I'll just have to wear my industrial face mask tommorrow on my flight.
Makes me look a bit like Darth Vader.

[bull....]

Shane Jones reaches for megaphone after airports attack airline price hikes

NZ First may have to campaign at the next election on a fund to improve regional aviation, MP Shane Jones says.

https://www.stuff.co.nz/business/119...urbing-flights


funny they campained last election on moving the port and the port hasnt moved lol

[dreamcatcher]

Jetfuel fallen 32c over last 3 weeks to $1.70 gallon now $1.64 .......and continuing to plunge

[BlackPeter]

Jetfuel fallen 32c over last 3 weeks to $1.70 gallon now $1.64 .......and continuing to plunge

Reduced demand and sufficient supply equals to ?

Economy 101.

[dreamcatcher]

Reduced demand and sufficient supply equals to ?

Economy 101.

Hopefully cheap fuel =.......PROFIT as NON FLYERS today will FLY tomorrow probably no LOSS

[Beagle]

https://www.cnbc.com/2020/01/28/whit...-outbreak.html

If this happens I would expect N.Z. to follow suit very quickly.