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Record Profit for Air NZ

Old 26th Feb 2014, 19:53
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Record Profit for Air NZ

Air New Zealand announces record profit - Business News | TVNZ

Enough Said!!
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Old 26th Feb 2014, 20:16
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Well timed

Gotta love the kiwis!
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Old 26th Feb 2014, 20:40
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wonder what it wouldve been if they hadnt ploughed their share of that 300m into virgin?
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Old 26th Feb 2014, 20:48
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300 million profit for ANZ & a 300 million loss for QF. Mmmmm. Must be a conspiracy theory in there somewhere.
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Old 26th Feb 2014, 20:48
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They must be telling fibs - everybody knows you can't make money as a legacy end of line carrier.............
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Old 26th Feb 2014, 21:10
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They must be telling fibs - everybody knows you can't make money as a legacy end of line carrier.............
Using old technology 777's!!!
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Old 26th Feb 2014, 21:21
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the right stuff

well done to all,it takes all the workforce from the highest to the lowest paid to get a result like this along with having the right leadership,the right fleet & the belief that if things get tough in this ever changing business world you need to get on board & grow with the change-not retreat from it & leave your competitor(s) with what used to be yours.
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Old 26th Feb 2014, 21:31
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The big difference between AIr NZ and QF? The three Js

No Jetstar
Better Jets
No Joyce
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Old 26th Feb 2014, 21:34
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Flying ANZ this easter for a South Island tour that takes in Wanaka......All accommodation and motorhome booked and paid for via easy to use ANZ website.

Qantas? Who are they?
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Old 26th Feb 2014, 22:56
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Lets not forget the Kiwi's have a much more business friendly regulation suite to work with as well. Contrary to the skulls waffle and outright lies in his submission to the trussed up inquiry most Kiwi industry people seem to have little trouble understanding them, unlike the unadulterated piffle CASA serves up in Australia and has the hide to claim is being used as a guide by regulators overseas.
Qantas will be gone inside ten years and the Australian public will be back in the two airline days of $300 one way fares Syd to ML, or cheap fares on foreign registered carries operating on foreign AOC's. As much as Qantas business model is unsustainable the ever increasing cost of over regulation in the pursuit of the safety myth is equally unsustainable.
I believe the Air New Zealand profit adequately illustrates this.

Last edited by thorn bird; 26th Feb 2014 at 23:07.
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Old 26th Feb 2014, 23:32
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Kiwi's are a smart bunch who are pretty reliable at punching above their weight in tourism, IT and aviation (excluding the AirNZ acceleration of the decimation of Ansett) . Any ideas why?

CG
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Old 26th Feb 2014, 23:45
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Captain Garmin said,

Kiwi's are a smart bunch who are pretty reliable at punching above their weight in tourism, IT and aviation (excluding the AirNZ acceleration of the decimation of Ansett) . Any ideas why?

Yes, but we're not telling.....Like you said, we are a smart bunch.
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Old 27th Feb 2014, 00:48
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Lets not forget that this airline should be bankrupt. Massive government bailouts of businesses should not happen.
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Old 27th Feb 2014, 00:56
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I take it Neville, that you'd be more than happy with QANTAS going to the wall?

Yes there was a government bailout, but the government has been completely hands off the company since. To the point they sold down their share in the business last year.
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Old 27th Feb 2014, 02:03
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except that nev if airnz went to the wall, it wouldve done massive damage to the nz economy.

the govt of the day obviously thought a bailout was the lesser of 2 evils.
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Old 27th Feb 2014, 02:41
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yes but only 1 airline in NZL (not counting Junkstar of course).

We've always had 2 & no major loss when AN fell over & boosted VA overnight.
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Old 27th Feb 2014, 03:22
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Shame Keating did'nt let ANZ fly domestically in OZ as the then Labor party promised then reneged all those years ago

Now ANZ has successfully screwed both the Aussie airlines from that era.
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Old 27th Feb 2014, 04:07
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NZ must be picking up lots of Australia flying to LAX, SFO & YVR. Understandable out of BNE & MEL & to lesser extend ADL & PER.
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Old 27th Feb 2014, 04:32
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NZ must be picking up lots of Australia flying to LAX, SFO & YVR.
My sis flew AKL-SFO with Air NZ last year and there were a lot of thru passengers from Australia on the flight.
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Old 27th Feb 2014, 05:19
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Short memories I guess!

Don't forget who really owns Air NZ...

3 November 2001
Air New Zealand has joined the growing list of airlines around the world that have either collapsed or are on the brink. The country’s Labour-led government was forced to step in last month with a $NZ885 million rescue package to prevent the airline being dragged under by the failure of its Australian subsidiary Ansett. Having purchased an 83 percent stake in Air NZ, the government is now engaged in extensively restructuring the airline in a bid to keep it afloat.
Prime Minister Helen Clark argued that the move was essential to the national interest. A national carrier was needed, she said, to ensure a measure of control and certainty over such vital economic activities as tourism, overseas trade and domestic and international travel. The country’s other main airline, Qantas New Zealand, a privately-owned local franchise of the Australian carrier Qantas, collapsed in April with the loss of 1,100 jobs and debts of over $NZ20 million.
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