Larry Williams Drive

Let's be brutal about what we all suspect is going on with Air NZ. And that is that Air NZ managed to turn its business around yesterday and post a profit for the first time in three years.  By milking kiwis.  Not the rest of the world, just us.  We're all aware by now that they’ve jacked up the price on their domestic routes. It might surprise you though to know that they’re pretty competitive on some the international routes where there’s lots of competition. For example, try flying next week, let’s say Auckland to Wellington. Their cheapest flights on Thursday are double what Jetstar is charging.  But try booking an international flight on that day, direct flight to Singapore. Air NZ is the cheapest ticket.  Auckland Uni economics professor Robert MacCuloch’s on this. He wanted to know how much of their billion dollar turn around yesterday was off the back off domestic routes compared to international routes.  He couldn’t find it anywhere in the end of year accounts.   For Qantas he found it pretty easily