Well Nev - that may be for some, short term rebound (deferred demand). China's China worlds biggest market but that will not include employment for 'big noses' they are doin it for themselves and bring back in house at home pilot training that was a good earner for OZ, like everything they did was for us but better we crap them off (Old Singaporean PM would be saying told you so - racist whiteys). . Every body has a short attention span particularly the media. So lets see, as Kev2002 kindly pointed out, in Kiwi Land there is some domestic recovery - still down by about 20-30%, business travellers down by nearly 35%, international travellers down by 100%. Back of the envelope alone tells me that the front of the tube is about one third full and the back of the tube is about half full (probably break even at best). Better than nothing I grant you. Like all corporate folk the Air NZ guff is spin for the share market not the punter (reassuring words that the Alphabet or others are going to eat their dinners too like they have the media folks). The punters there like here have found their existence very precarious indeed and there are a lot more buisness failures to come. Latest Aussie ATO payroll data (July) gives the picture, lot of folk now casual and part time, lot of folk becoming Centrelink customers others on hold due to the Keeper and the older ones going nowhere but early retirement. That all spells significantly reduced discretionary income and spending capacity Second point - oil prices are well truly stuffed (have been for some time and that is going to really start huring a lot of places that depend on that income and were more than happy to have the best tubes) that tells you how much of what is happening all over. As the Big Red Rat is busy handing the keys of the wide bodies to the long term parking lot attendants and are still burning cash at a frightening rate (their capital raising failed to do the trick), hospitality and tourism is in the ditch all over OZ so the issue is not it all going tits up but rather it is a gigantic mountain to climb back up, one step at a time, worlds changed, so has that mouintain, years if ever to rebound to 2019 levels.
Folk have just got to get realistic about reality, theirs and plan accordingly! This is crap weather ahead and going to be for some time! Captain you must listen!
Last edited by BendyFlyer; 12th Aug 2020 at 04:54.