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[sharechat] Air New Zealand - a different opinion

From:	"Graham Dekker" <graham@galdek.co.nz>
Date:	Sun, 12 Mar 2000 22:52:02 +1300

In answer to this forums unpopular backing of Air New Zealand I would like to point out:

- Warren Buffetts criticism of airlines...has any of you ever flown in the states? Its a totally different market, a bit like bus travel with a million different operators, very different to NZ.

Also - nearly all good investments have competitors, (the likes of AIA is an exception).

Air New Zealand makes most of it's money through business class travel, something cut price travel doesn't touch.

Also I believe a large portion of ANZs recent profit has come from Ansett AU, in which ANZ has increased its stake to 100%. ANZs cash problems must surely be only temporary.

I note that in the domestic market Ansett NZ has hardly ever made a profit AND when it came up for sale recently..... Qantas wasnt interested...

Feedback welcolmed

Cheers

Graham

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Re: [sharechat] Air New Zealand - a different opinion tennyson@caverock.net.nz

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