aussie027, you quote
Over its 10 year listing Air New Zealand has had negative returns for investors and the share price was markedly better under Sir Ralph Norris who managed the current structure of the company well through its formative years in the early 2000s.
Perhaps this excerpt from Brian Gaynor's column in the NZ Herald puts some perspective on things. Brian Gaynor writes on his own behalf and had his own asset management company.
......Air New Zealand has had a positive sharemarket performance of 38 per cent, including dividends, while the NZX-50 Gross Index has been down 1.3 per cent.
By contrast Qantas has had a negative sharemarket return of 37.6 per cent since October 2005 while the Australian sharemarket has risen by 25.9 per cent, in gross terms, over the same period.