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30-03-2020, 09:35 PM
#16241
Member
Just got one of those mass email outs from Mr Foran, outlining the impact Covid-19 has had on revenue and the effect on staffing.
I have some friends who work for Air NZ (junior levels) and feel very sorry for them indeed.
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30-03-2020, 10:45 PM
#16242
Starting to get a bit more realistic...
"Air New Zealand boss says airline will be mainly domestic"
https://www.tvnz.co.nz/one-news/new-...ver-3000-staff
I guess mass layoffs isn't something companies have had to do for quite some time, and no one wants to be the first.
Last edited by Cyclical; 30-03-2020 at 10:48 PM.
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30-03-2020, 11:36 PM
#16243
Member
Different markets, different product positioning -but the pain is mutual amongst airlines...
https://www.bbc.com/news/business-52084003
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31-03-2020, 12:43 AM
#16244
 Originally Posted by samjaynz
Just got one of those mass email outs from Mr Foran, outlining the impact Covid-19 has had on revenue and the effect on staffing.
I have some friends who work for Air NZ (junior levels) and feel very sorry for them indeed.
that email was so brutally factual , I was kind of stunned that was sent out to all customers!
For clarity, nothing I say is advice....
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31-03-2020, 08:39 AM
#16245
Originally Posted by peat
that email was so brutally factual , I was kind of stunned that was sent out to all customers!
Pretty hard to sugar coat it. I was half expecting a line in there like "oh, and by the way, we've cancelled your airpoints." Maybe that's the next email...
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31-03-2020, 09:19 AM
#16246
Originally Posted by Cyclical
Pretty hard to sugar coat it. I was half expecting a line in there like "oh, and by the way, we've cancelled your airpoints." Maybe that's the next email...
Though if they mainly fly domestically it's going to be hard for me to use my $2k apripoints and probably $10k flight credits.
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31-03-2020, 09:49 AM
#16247
Member
Originally Posted by peat
that email was so brutally factual , I was kind of stunned that was sent out to all customers!
Yep definitely one of the most "raw" emails I've had throughout this crisis thus far.
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31-03-2020, 10:07 AM
#16248
Just read Air NZ described as a ‘zombie airline flying on fumes.’ ...that seems appropriate
Will be OK when renamed National Airways Corporation
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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31-03-2020, 10:22 AM
#16249
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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31-03-2020, 10:50 AM
#16250
Originally Posted by Beagle
Beagle can you help me make the numbers work ? , $ 500 mio revenue , labour cost $110 Mio a month , lets say that is reduced to $ 75 mio ( just over 30 % reduction ) lease payments etc etc
Disc : short
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