Trans Tasman Blood bath?
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Nup Skystar..Saigons absolutely correct..Ansett was a basket case end of story..the deal was a stitch up by the Aus Gov to keep their hands clean..AirNZ went from viable to a fire sale after the debacle.
Join Date: Aug 2005
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I admit Ansett was poorly run, however they were changing. AirNZ put the final nail in the coffin as they didnt want SIA to purchase the other 50%
Anyway this topic inst about Ansett its about trans tasman runs, so lets leave it the case where AirNZ screwed Ansett and get back on topic
Anyway this topic inst about Ansett its about trans tasman runs, so lets leave it the case where AirNZ screwed Ansett and get back on topic
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It's not merely my opinion Skystar320: Ansett was demonstrably a cot-case well before any ANZ involvement. A simple rush of blood to the head on ANZ's part was merely that, no more and no less. Why on earth would I want to scrutinise accounting reports approved by a government that more than likely would be culpable of collusion in this debacle? Blaming ANZ ad nauseum is merely deluding yourself and/or a poor attempt at further obscuring the realities of this situation.
Let it RIP. ANZ has, most Kiwi's have. Why can't you?
Let it RIP. ANZ has, most Kiwi's have. Why can't you?
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Lucky Virgin Atlantic are doing so well by comparison......eh!!!
Love the spin... had to read this twice to make sure I hadnt missed some zeros......
Virgin profits fly high on premium sales
4:00AM Thursday August 28, 2008
LONDON - Virgin Atlantic Airways, the privately owned British airline controlled by billionaire Richard Branson, said yesterday that a record number of business travellers sent profits skyrocketing more than sevenfold.
The company said that net profit for the year ending February 29 was £47.7 million ($125.3 million), up from £6.6 million the previous year.
Sales rose 9.1 per cent to £2.3 billion.
Virgin said a 22 per cent increase in first and business class passengers helped increase earnings.
The carrier said it continued to benefit from higher numbers of premium flyers into the first quarter of this year as passengers shunned British Airways to avoid problems at Heathrow's new Terminal 5. The terminal had a disastrous opening in March, with flights cancelled, luggage lost and enormous queues.
The company also said that its launch of a number of new routes - to destinations including Nairobi, Kenya and Mauritius - helped increase the total number of passengers it carried over the year to 5.7 million, a 7.6 per cent rise.
Virgin profits fly high on premium sales
4:00AM Thursday August 28, 2008
LONDON - Virgin Atlantic Airways, the privately owned British airline controlled by billionaire Richard Branson, said yesterday that a record number of business travellers sent profits skyrocketing more than sevenfold.
The company said that net profit for the year ending February 29 was £47.7 million ($125.3 million), up from £6.6 million the previous year.
Sales rose 9.1 per cent to £2.3 billion.
Virgin said a 22 per cent increase in first and business class passengers helped increase earnings.
The carrier said it continued to benefit from higher numbers of premium flyers into the first quarter of this year as passengers shunned British Airways to avoid problems at Heathrow's new Terminal 5. The terminal had a disastrous opening in March, with flights cancelled, luggage lost and enormous queues.
The company also said that its launch of a number of new routes - to destinations including Nairobi, Kenya and Mauritius - helped increase the total number of passengers it carried over the year to 5.7 million, a 7.6 per cent rise.
