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Air NZ Profit

August 29th, 2007 at 6:42 am by David Farrar

It’s good to see Air NZ making a good profit.  I always chuckle at it, because for years Air NZ have predicted doom and gloom for the airline unless the Commerce Commission caves in and allows them to do a deal with Qantas (which would almost kill competition).  I’m glad the bluff has been played, and we still have competition and a profitable Air NZ.

Fran O’Sullivan also makes the valid point that the EPMU deserves some plaudits for reaching an agreement with Air NZ which has allowed it to increase productivity and gain more engineering work for other airlines.

Related posts:

  1. War of the Unions?
  2. A nice wee profit
  3. EPMU wants taxpayer funding
  4. EPMU on Wages
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3 Responses to “Air NZ Profit”

  1. Robinson (170) Says:
    August 29th, 2007 at 8:13 am

    It’s making us money? Key says flog it! http://www.thestandard.org.nz/?p=69

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  2. Frank. (607) Says:
    August 29th, 2007 at 8:18 am

    Did some of the profits come out of the Engineer’s pockets? I gather the Union seems to think so? Have to wait developments.

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  3. cubit9f (347) Says:
    August 29th, 2007 at 11:18 am

    What is the percentage return on equity/investment represented by this profit? Does it make Air NZ a blue chip investment year in year out?

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