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01-01-2017, 09:44 PM
#10041
[QUOTE=Xerof;649989]I hear you, but the reality is there is a priority order. EG, on AIR, if a flight is cancelled, the ground staff immediately allocate Gold Elites to the next flight (s) with seating available, followed by Gold, Silver, etc, before you even get to the counter. If you don't have a loyalty card, you are custard. This applies to most, if not all airlines.
I was on a cancelled flight out of Invercargill (and was GE at the time) and was flying with 2 colleagues who were 'custard class' This was my first ever cancelled flight whilst being GE, and I was not expecting to be treated any differently, so we all joined the queue to rebook. I was surprised to find I was already booked on next available, whilst my colleagues were 4 hours later.
As an aside, one of them had a young family to get home to, for me it didn't matter if I was late, so I offered to swap flights. The ground staff looked at me twice, but were happy to follow orders. In appreciation my colleague bought me a Powerball random dip, which struck first division and 26million powerball.
That is true and experienced that however that is different than kicking people off the next flight to make room...never seen that happen.....
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02-01-2017, 10:22 AM
#10042
Dreamliner Bargain.
I was in the neighborhood so stopped by the airport viewing area yesterday evening and was treated to the rare sight of an AIR Dreamliner landing while another was first in the queue on hold ready for takeoff. I must admit it gave me a quiet sense of satisfaction to see these two new modern and highly efficient aircraft working hard for us shareholders during our holiday's.
With nine of these highly efficient birds now online and no major heavy maintenance due on them for the first nine years I watched the second one take off into the sunset and thought to myself...I wonder if people are underestimating the degree of new efficiencies these bring to AIR ?
What airlines actually pay for aircraft is usually a closely guarded commercial secret but its no secret that nobody pays list price.
The list price is now apparently over U.S.$250m for the 787-9 and Chris Luxon did let it slip at the 2015 annual meeting that they cost AIR only $150m to AIR after receiving a very special launch discount.
I had thought previously he'd meant $U.S.150m (although U.S. currency certainly wasn't mentioned when he talked of the $150m purchase cost) but maybe he meant $150m $Kiwi ?
If so that would represent an extraordinarily good deal for the 787-9 version and perhaps even better than larger airlines, see this link, an oldie but a very good one for considering what sort of bargain we really got considering what they are rumored to cost to produce ! http://www.forbes.com/sites/afonteve.../#44de1e80450c
I think this Dreamliner acquisition which had its roots about a decade ago, (9 on hand now, 3 more firm orders over the next 3 years and 6 more options) sets AIR up very nicely for operational efficiency for the next 15-20 years. New ATR600's are a real accountants aircraft too, extremely cheap to run.
Anyway it seems money still talks, (no surprises there and that will never change) and lots of money still talks loudly no matter who's doing the talking, see discounts Iran AIR say they're getting on their $10 billion dollar deal. https://www.nbr.co.nz/article/carry-...unts-ng-198318
If you're bored in the holidays and want to know about the interesting way Boeing accounts for the costs on these aircraft among many other things, this is an interesting read https://en.wikipedia.org/wiki/Boeing_787_Dreamliner
Last edited by Beagle; 02-01-2017 at 10:43 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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02-01-2017, 11:41 AM
#10043
Hey Roger - looks like you'll have to fly Jetstar to Queenstown next trip - no room on the ground for your private jet
http://www.stuff.co.nz/business/8803...ts-turned-away
”When investors are euphoric, they are incapable of recognising euphoria itself “
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02-01-2017, 12:10 PM
#10044
Last edited by Beagle; 02-01-2017 at 12:28 PM.
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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03-01-2017, 01:51 PM
#10045
AIZ going well on ASX today
Bodes well for 220 plus tomorrow
This is going to be a great year
No worries
”When investors are euphoric, they are incapable of recognising euphoria itself “
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03-01-2017, 02:26 PM
#10046
I forgot Air was dual listed! Will check it out.
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03-01-2017, 02:46 PM
#10047
Looking at yahoo charts and comparing AIZ and QAN
https://au.finance.yahoo.com/q/bc?s=...l&q=l&c=QAN.AX
QAN share price has outperformed AIZ over 1, 6, 12 and 24 month periods
Hmm - might need to swap if I want to have an airline stock longer term. QAN has the advantage of being bigger and listing on a bigger home exchange
Bea bugger if NZDAUD reached parity though
”When investors are euphoric, they are incapable of recognising euphoria itself “
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03-01-2017, 05:30 PM
#10048
Originally Posted by Roger
Think of your carbon footprint Roger; something more down to earth perhaps
A tiny house with wings for walls - Westphoria - Sunset
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03-01-2017, 06:16 PM
#10049
Originally Posted by winner69
Looking at yahoo charts and comparing AIZ and QAN
https://au.finance.yahoo.com/q/bc?s=...l&q=l&c=QAN.AX
QAN share price has outperformed AIZ over 1, 6, 12 and 24 month periods
Hmm - might need to swap if I want to have an airline stock longer term. QAN has the advantage of being bigger and listing on a bigger home exchange
Bea bugger if NZDAUD reached parity though
Think about it, winner.
Do you really want an airline stock longer term?
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03-01-2017, 09:45 PM
#10050
Well circa 9% net dividend for foreseeable future does look compelling
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