Air New Zealands Profit Announcement
 

Surprised that no comment has been made regarding the National Carriers profit and surge in the share price !!

The majority state-owned carrier's $262 million profit after tax for the year to June 30 was up 45 per cent on last year and was achieved on the back of increased passenger volumes and reduced fuel costs.

Pity the White Rat can;t emulate this performance !! :ok:

I've been travelling back and forth between Gisborne and Auckland weekly for work and for $400+ each way and with lousy business schedules, I think my company paid for most of that profit..at least the first 200 million..

..seriously airnz, you completely suffocate aviation in NZ and totally rip off the public and make excessive profits too..nice!

it no secret the regions support the business beyond proportion. always have.

but if you consider the investment, its still a lousy return. nothing excessive about it mattyj

there are lots of reasons why you cant travel for the same cents/km on a b1900 as a 777. i think there are a lot of people out there that look at some of the loss leading fares and dont really appreciate what it actually costs to travel by air

What a pity they weren't making that profit back in 2001.

They would have been able to pay their own fuel bill instead of making Ansett Airlines pay both airlines' fuel bills.

And it must be damm site embarassing that despite all the moolah, you get beaten month in month out by Jetstar NZ for OTP

Jetstar NZ use a 15 minute window. Air NZ a 10 minute one. Apples/oranges.

They're a cracking airline, should be proud of them :ok:

dont forget the engine stealing and bank account emptying either boney. rage on brother

true moa but the cancellations column tells a slightly different story.

I love it how Air NZ in the past few years announce their profits leading up to Qantas announcing theirs. It just absolutely mocks Qantas management. Just shows that a unionised end of line carrier with the right aircraft can still make a profit.

Craca, that is not correct, Jetstar uses 10 minutes just as Air NZ has done and Air NZ just use the OTP from the jet domestic fleet for this reporting so it is apples v apples. Having said that, good on Air Nz for the profit, they are a great airline.

It's hardly apples with apples, Air NZ are running a larger and far more complicated network, and have more exposure to congestion and ramp delays (not necessarily their own fault)... Also there are inherent delays running a full service airline vs LCC, you never hear of Jetstar waiting for tranship pax...

Apples vs oranges, and never trust statistics you didn't fake yourself...

Of course they are going to make money, how could they not?

No 'real' competetion domestically hence why they can charge like a wounded bull, lower staff costs to make it viable to to fly the trans tasman and poaching the routes interntionally that will make a profit.

Question for the experts. Can the EK 380/777 reach NZ? 777X?....

...

http://www.jetstar.com/nz/en/what-we-offer/our-performance

Well done
 

Bit of a shame that some folk are laying the boot into ANZ on here. I've got a couple of mates flying for them and they are pretty content, even though as with any airline life isn't perfect. They've served long careers, earn good coin, enjoy a measure of job security and reckon overall conditions aren't too shabby.
So to see pilots actually flying because the airline is profitable and managed well, and not being made redundant or on LWOP is a pleasing, albeit rare, but pleasing result.
Good on them I say.

I say good on them as well.
Air NZ management seem to have engaged their staff more than other airlines I've watched over the last decade and also have been smart with their fleet choices.
I don't work for them so maybe that's just how it looks from the outside.
On the OTP comparison with Jetstar, I have noticed that if a jetstar flight is running an hour or so late they reschedule the flight, does that then mean that it can leave 'on time' based on the new departure time?

Correct! So, as an analogy - JQ 666 is running 3 hours off schedule, it's scheduled time of departure was 1345. They cancel the flight altogether, create a new flight number - JQ 667 with an ETD of 1645. Guess what, it is actually off blocks early at 1642!!!! A miracle! Old flight cancelled, new flight created and departs on time.........oldest trick in the book. Welcome to aviation smoke and mirrors lesson 1. Lesson 2 is 'how to fudge ACARS' :ok:....TBC

Thanks Cactus.
Having paxed on them quite a bit domestically in NZ I was pretty surprised to see them advertising on bill boards that they have the best OTP in NZ and figured that the only way they could say that was if they were fudging it just as you described.
Ta.

Cactus,

What a load of Bollocks, I have never seen a flight re-timed with a new flight number to fudge the OTP. I can tell you about 90% of my flights leave and arrive early.

Ollie, I couldn't give a rats about you or your flights. I know what I know champ. It might not happen a dozen times a day but it does happen. And that info comes directly from more than just one of your flying colleagues, so perhaps YOU have been lucky?