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Speaker 1: So we've had quite a few investor questions come in

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Speaker 1: about in New Zealand. As you know, it's our most

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Speaker 1: popular stock, so i'd quite late now to sort of

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Speaker 1: reasonably rapid fire put those to you. The first one

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Speaker 1: is could you please not pay dividends because your liabilities

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Speaker 1: are important.

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Speaker 2: I think it's important that we do pay dividends at

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Speaker 2: the moment. You know, it's part of our capital management

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Speaker 2: policy and framework, and you know, if it makes sense,

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Speaker 2: the board will make that decision, and they made that recently,

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Speaker 2: so we're happy with the position we've got on that.

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Speaker 1: Another one here says why is Air New Zealand underperforming

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Speaker 1: compared to other airlines in the.

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Speaker 2: World, Because you're operating in an environment which is different

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Speaker 2: to other airlines. So you know, when I go to Australia,

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Speaker 2: I don't see the same issues around their domestic economy

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Speaker 2: that we have in New Zealand. For example, when I

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Speaker 2: go to Australia and I have look at Virgin and Quantus,

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Speaker 2: they're not running Trent one thousand engines and Pratt and

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Speaker 2: Whitney eleven hundred engines, so they haven't got components of

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Speaker 2: their fleet like we have sitting on the ground, So

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Speaker 2: it's very difficult to compare apples with apples when there

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Speaker 2: are different situations occurring.

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Speaker 1: Can you make fares cheaper?

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Speaker 2: You can always make fars cheaper. What you have to

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Speaker 2: do is balance that with a return for shareholders. We're

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Speaker 2: certainly working on doing everything we can to keep our

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Speaker 2: costs down and to be more productive so that fares

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Speaker 2: are reasonable for people.

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Speaker 1: Another one here, why have you made it so hard

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Speaker 1: to get status points? It's a deterrent for many.

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Speaker 2: Look like anyone, you run your loyalty programs and that

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Speaker 2: comes with a cost and a benefit. And as I said,

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Speaker 2: we are reasonably happy with how we're looking at the

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Speaker 2: moment with that. What I would say is that two

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Speaker 2: weeks ago we replatform our entire loyalty system. That system

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Speaker 2: was put in place in nineteen eighty nine. We have

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Speaker 2: now transferred successfully four point six million Airpoints members over.

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Speaker 2: That's going to give us an opportunity to tweak and

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Speaker 2: refine and make some adjustments to that system because we

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Speaker 2: now have a state of the art system, Which sort

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Speaker 2: of goes into my part about what way should you

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Speaker 2: have some confidence in your new zealand Because we're getting

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Speaker 2: on and doing a whole bunch of these things and

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Speaker 2: doing them well.

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Speaker 1: How have people or consumers rather than business been coping

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Speaker 1: with the economy with air fears being what they are,

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Speaker 1: And they're like, are people flying less? Are they downsizing

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Speaker 1: to what they would normally do? What are you seeing

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Speaker 1: in consumer trends?

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Speaker 2: Look, I think it's playing out, probably in a very

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Speaker 2: common sense type away. I think there are a group

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Speaker 2: of people, a reasonably small group, where the economy doesn't

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Speaker 2: have a lot of impact on them at all. They're

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Speaker 2: reasonably high net worth. And when I'm out at the

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Speaker 2: airport and helping the team do check and there are

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Speaker 2: plenty of people out there jumping on planes and flying

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Speaker 2: premium economy and business class and heading off to see

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Speaker 2: the America's Cup or off to the Olympics, or taking

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Speaker 2: their holidays, and that's happening. I think there's another group

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Speaker 2: of people who are saying, well, look, maybe I was

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Speaker 2: going over to Europe, but I'll just go to Australia.

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Speaker 2: So I pulled back. I'm still going, but I've traveled.

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Speaker 2: Then there's a group of people who say, well, I

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Speaker 2: was going overseas, but I'll stay at home, but I'll

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Speaker 2: still travel. I think when you get to people who

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Speaker 2: are finding it pretty tough. You know, the mortgage has

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Speaker 2: gone up by one thousand dollars a month. Maybe someone

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Speaker 2: in the house you know has lost their job. Jo,

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Speaker 2: I don't think they're traveling. And you know we've seen

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Speaker 2: that with some of the numbers come down. So this

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Speaker 2: thing plays its way if you like through this, through

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Speaker 2: this line, you don't stop completely, but it comes off

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Speaker 2: a bit. Contrasts that was last year financial year, where

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Speaker 2: you know you were still seeing a bit of revenge travel,

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Speaker 2: weren't you. You know, I've been locked up for two

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Speaker 2: and a half years. I'd saved a bit of money.

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Speaker 2: I'm out there now. The economy was still reasonably robust.

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Speaker 3: Investing and involves the risk you might lose the money

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Speaker 3: you start with. We recommend talking to a licensed financial advisor.

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Speaker 3: We also recommend reading product disclosure documents before deciding to invest.

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Speaker 3: Now you can combine the experience of multiple fund managers

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Speaker 3: and get even more diversification in your Shares's key. We

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Speaker 3: have a scheme select up to six base funds ranging

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Speaker 3: from conservative to high growth to make at least fifty

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Speaker 3: percent of your investment plan and add your own picks

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Speaker 3: on top. If you wish it's real choice multiplied. Head

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Speaker 3: to Chezy's dot inz slash kisaber to get more info.

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Speaker 3: Chezy's Investment Management Limited is the issuer of the chasi's

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Speaker 3: kiwisaber scheme. View the lodged product disclosure statement at Chezy's

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Speaker 3: dot inz slash kiwisaber slash Documents