AIR-Air New Zealand Limited

Started by Mr Cashflow, Jun 25, 2022, 08:39 PM

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Basil

#45
Dec 19, 2022, 12:40 PM
Big splurge of travel but will it last ?
Interesting article on what percentage of people intend never to travel again.
https://www.cnbc.com/2022/12/19/dont-want-to-travel-many-in-japan-say-theyll-never-travel-again.html

Crackity

#46
Dec 19, 2022, 02:35 PM
Quote from: Basil on Dec 19, 2022, 12:40 PMBig splurge of travel but will it last ?
Interesting article on what percentage of people intend never to travel again.
https://www.cnbc.com/2022/12/19/dont-want-to-travel-many-in-japan-say-theyll-never-travel-again.html

It's not to late to join the momo plane - over a buck next year you know  8)

Sideshow Bob

#47
Dec 19, 2022, 02:38 PM
Quote from: winner (n) on Dec 09, 2022, 02:08 PMAmazing that how things are going this H1 profit could be 2nd highest ever ....only beaten when luxon had the benefit of super cheap fuel.

This year is from gouging customers......
"Mayor Quimby Even Released Sideshow Bob — A Man Twice Convicted Of Attempted Murder. Can You Trust A Man Like Mayor Quimby? Vote Sideshow Bob For Mayor."

Basil

#48
Dec 19, 2022, 02:40 PM
Quote from: Crackity on Dec 19, 2022, 02:35 PMIt's not to late to join the momo plane - over a buck next year you know  8)

Not sure mate. Chart starting to look a bit weak, broken down through the 30 day moving average.  I think we need a one on one personal consultation with N.Z's leading momentum trader and as luck would have it...

BlackPeter

#49
Dec 19, 2022, 06:11 PM
Quote from: Basil on Dec 19, 2022, 02:40 PMNot sure mate. Chart starting to look a bit weak, broken down through the 30 day moving average.  I think we need a one on one personal consultation with N.Z's leading momentum trader and as luck would have it...

Good point. KW, what do you say?

Poet

#51
Dec 22, 2022, 04:51 PM
I see that AIR has now rescheduled 2000 flights for next year. They say 90% will leave within sixty minutes of original schedule (that's probably just about as good as flights that haven't been rescheduled).
But on a more serious note, they say that 10% of these flights, presumably international, have been rescheduled for a different date - no mention of compensation for the inconvenienced passengers (extra accommodation, food, ground transport, extra days off work, missed activity bookings etc). AIR seems to think they will get away with this but in reality they are on the hook for damages under the Civil Aviation Act up to $8800 per pax whether they like it or not.
So let's say the average cost to pax is $1500 and 10% of 2000 planes are affected, say 100 pax per plane, I think AIR is looking at some serious compensation - circa $30m. And the extra damage to reputation

Basil

#52
Dec 22, 2022, 06:08 PM
Do people know their rights though Poet or do most of them simply make a claim on their travel insurance policy for the extra costs ?  (Not that I am defending AIR who are obviously price gouging at present and running their operation in whatever manner suits themselves best and to heck with the inconvenience and extra cost to passengers).

Poet

#53
Dec 22, 2022, 06:25 PM
Quote from: Basil on Dec 22, 2022, 06:08 PMDo people know their rights though Poet or do most of them simply make a claim on their travel insurance policy for the extra costs ?  (Not that I am defending AIR who are obviously price gouging at present and running their operation in whatever manner suits themselves best and to heck with the inconvenience and extra cost to passengers).

I'd imagine that travel insurance companies know the law and send claimants back to AIR. But I also imagine that many have higher excess on their travel insurance than their actual costs or don't have any insurance. Interestingly, it is actually a criminal offence under the Fair Trading Act Section 13 to:

"make a false or misleading representation concerning the existence, exclusion, or effect of any condition, warranty, guarantee, right, or remedy"

So if AIR tells a customer that they aren't entitled to compensation, then AIR is in breach of this provision

Hectorplains

#54
Dec 24, 2022, 05:04 PM
https://www.stuff.co.nz/travel/travel-troubles/300773325/lastminute-flight-cancellation-derails-dream-trip-15-years-in-the-making?cx_testId=12&cx_testVariant=cx_1&cx_artPos=0#cxrecs_s

Yeah, some of this is beyond AIR's control but there is some A grade bullsh*t being pro offered too -

"Air New Zealand announced on December 22 that it had changed the flight times for almost 2000 international flights next year, leaving some scrambling to change connecting flights and accommodation.

The airline's chief customer and sales officer Leanne Geraghty said the changes were designed to "build flex and certainty into our network".

2000 international flight changes for 2023 made right at the arse end of 2022... in the name of flexibility and certainty?!  Weasel words. 

Crackity

#55
Dec 29, 2022, 08:09 AM

The World Just Doesn't Have Enough Planes as Travel Roars Back


Jefferies estimates there's an order backlog of 12,720 jets
Shortage means fares to remain elevated for foreseeable future


Bloomberg article today...

winner (n)

#57
Jan 17, 2023, 11:08 AM
Quote from: Basil on Jan 17, 2023, 10:09 AMOh my goodness its back to the future.  Not again! https://www.smh.com.au/business/companies/bain-capital-to-seek-advice-on-virgin-australia-float-20230116-p5ccs2.html?utm_source=ST&utm_medium=email&utm_campaign=ShareTrader+AM+Update+for+Tuesday+17+January+2023
Hopefully AIR don't decide to take a stake again  ::)

And our Jayne still in pilots seat .....good sign

Jayne and Greg would make a good combo
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