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01-04-2020, 11:02 AM
#16281
Member
I took 3 flights yesterday as an essential worker, all on ATRs and a Q300. 5 on the first flight, 3 on the second and I was the only passenger on the last. The flight attendant was saying she did a round trip from Wellington to Blenheim for 1 passenger earlier in the day.
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01-04-2020, 11:07 AM
#16282
Originally Posted by Beagle
Big fight shaping up over Govt support for Aust Airlines https://www.abc.net.au/news/2020-03-...y+1+April+2020
I guess the worry is that if Virgin is allowed to collapse then in due course one of its international shareholders will buy the planes from the receivers for pennies on the dollar and with dirt cheap oil and new low cost employment terms from staff desperate to get back into the industry have an unfair advantage over its competitors.
On the other hand it would be hard to make a case that Virgin has been well managed over the years...surely one of only a tiny handful of airlines to make fairly consistent losses in the good times. How all this might affect AIR down the track, who knows ?
Air NZ tries to add to the freight business. It's too early to tell what financial impact that future business will have as they currently negotiate with new customers, but according to my son, who works in freight, they are busy and trying to buiid
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01-04-2020, 11:13 AM
#16283
Good that AIR are maintaining a skeleton international network for freight so we can all get essential medical supplies. Freight was 6.7% of their revenue base last year.
Easily now the biggest part of their business. Wonder what air freight rates are going to look like going forward ?
Crikey BWH - that is very grim.
Last edited by Beagle; 01-04-2020 at 11:14 AM.
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
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01-04-2020, 11:24 AM
#16284
AIR will soon slap a surcharge on outgoing freight.They will justify this by saying inbound flights are empty,but what they will actually mean is " we no longer have much competition so lets start gouging our customers"
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01-04-2020, 11:38 AM
#16285
Originally Posted by steveb
AIR will soon slap a surcharge on outgoing freight.They will justify this by saying inbound flights are empty,but what they will actually mean is " we no longer have much competition so lets start gouging our customers"
Wouldn't empty inbound planes change the economics?
Is that gouging or charging what it costs?
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01-04-2020, 11:56 AM
#16286
Junior Member
Originally Posted by winner69
Ecks...that 25 cents was really 5 cents
I'm waiting until Q3 to make my move with AIR, 5 cents would be devastating for the Mum and Dad investors!
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01-04-2020, 01:26 PM
#16287
Originally Posted by steveb
AIR will soon slap a surcharge on outgoing freight.They will justify this by saying inbound flights are empty,but what they will actually mean is " we no longer have much competition so lets start gouging our customers"
Cullen Airlines should not get too greedy.
Other carriers have wide bodied aircraft sitting idle, aircrew twiddling thumbs, fuel at $US20 a barrel and are desperate for cash flow.
Boop boop de do
Marilyn
Last edited by Marilyn Munroe; 01-04-2020 at 01:27 PM.
Reason: too many words
Diamonds are a girls best friend.
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01-04-2020, 01:30 PM
#16288
The AIR shareprice is a bit baffling, at least to me. Perhaps some brave souls are anticipating an "attractive" issue, a la Kathmandu?
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01-04-2020, 01:46 PM
#16289
RIP Air New Zealand. Aotearoa Air will rise like a phoenix from the ashes as a Government Corporation. There will be several, National Airlines, International Freight and the wholly subsidised International Passenger.
Air freight may be attractive at the moment, but wait until they all start getting into it. The competition will be horrendous.
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01-04-2020, 02:18 PM
#16290
Here's a big issue going forward. This crisis will lead to a new generation of airlines with very different cost structure. First up will be the cost of rolling stock. eg those 400 Boeing Max, circa USD120m, sitting at the factory carpark, are worth USD50-60m. All the widebodied fleet especially A340 and B777, seller no buyer.
So new operator can lease or buy fleet at a fraction of the cost of the legacy airlines. Head offices, marketing functions, terminal facilities a fraction of the size and cost. See how it all unfolds.
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