Air New Zealand Averaged Under Two Passengers Per Flight Yesterday
Obviously flights have gone from being consistently full to being consistently empty in the past several weeks. That's not surprising at all. However, every once in a while I see a statistic that makes my jaw drop, even though it really shouldn't. Air New Zealand's Chief Revenue Officer, Cam Wallace, has been sharing some fascinating…
Continue reading: Air New Zealand Averaged Under Two Passengers Per Flight Yesterday
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There is some interesting news about A380 operation. Another (unexpected) airline is now looking at retiring the A380 immediately: Lufthansa.
https://www.youtube.com/watch?v=d9V4_OM6kLk
Meanwhile New Zealand is in lockdown for international travel however the government is promising to allow those from overseas to return home in the next week or so once repatriation flights can be arranged.
There is though a catch to these flights, they can only be operated be Air New Zealand. How's that for protecting your own although none of the passengers will be New Zealanders and nor of the governments funding them will be either.
In a recent newsletter, Air New Zealand said it thinks the company will be 30% smaller in a year's time.
I wouldn't actually fly right now, but would be a cool/ aviation geek thing to be the only passenger on a plane.
nice post. thx for the update.
Guess everyone can fly like a King, so to speak.
The NZ Government has restricted flying during the lock down period to essential workers travelling for business so you wouldn’t be able to fly unless you can prove this.
So ....... if they paid for an economy seat ...... were they allowed to sit up-front without receiving any of those perqs other than a more comfy seat ??
They’ll be OK in the long run. The NZ Government are the majority shareholder of Air New Zealand. They’ve offered the $900m if they need it and they’ll get as much as they need to stay afloat and start up operations again once the NZ domestic lockdown is over and international flights start back up again.
@phil
Actually there are still commercial flight option available, if you can afford a flight ticket.
Qatar is going twice daily on the Auckland - Doha route for a period of like 2 weeks so foreigners can transit in Doha to fly home, still 10 days to go on that.
And didn't Lufthansa has a repatriation flight from Auckland just a couple of days ago?
Even if the flight is empty, the flight can be profitable because of cargo.
Pretty devastating to see what’s happening to Air NZ which is a much loved airline in New Zealand. They got a $900m convertible loan from the NZ government at 7% interest. If Air NZ can’t pay it back the loan gets converted to equity, effectively diluting existing shareholder equity. Revenue has dropped from $6.5b to $500m. Pretty grim.
You’d be a brave person to buy NZ shares at the moment. NZers are predicting a long close down of our borders for the next 12-18 months. I pity the new CEO, Greg Foran, who has been in the job for just 7 weeks and previously was CEO of Walmart. I guess he took the job on as retirement gig, to return home. Now having to cut 3700 jobs in the airline. Wonder if he will be up for trying to revive the airline’s fortunes going forward. He is certainly capable and very personable.
There are still commercial flight available out of New Zealand. Qatar is going twice daily on their Auckland - Doha route and you can just about transit anywhere through Qatar, except most other countries in the Middle East. But tickets will be expensive and there are only like 10 days to go until Qatar pull their services.
Meanwhile didnt a Lufthansa repatriation flight took off from Auckland just a few days ago?
As a New Zealander based in Los Angeles, I am very happy my government bailed out the airline to support cargo and repatriation flights for citizens and residents (same-sex defacto partners included). The real Kudos goes to the flight crews working these flights putting their own lives at risk every time. Stories from friends who are aircrew about sick passengers refusing to wear masks, pilots taking the last sanitizer so the crew has nothing are endless. So, I don't care what cabin I sit in but I am just thankful to my country and friends who are keeping these flights operating so that New Zealand stays connected to the rest of the world.
