Price And Volume Funding Gaps

Well, Air New Zealand love to be an icon of New Zealand in the best of times. Unfortunately, uh I think they have to wear that in the worst of times, and in many ways, Air New Zealand has become a flagship for what ails us. We've spent a huge amount of time pursuing every single pet project from hydrogen to paper cups to sustainable agr sustainable agri uh uh uh aviation fuel uh to um you know very long glossy reports about climate change, and yet what they haven't done is what Peter Blake uh would do is ask, will this make the boat go faster? And in their case, take off and land um at the right time for an affordable price. Now, um I would argue that that is partly because of the board appointments and the letters of expectation that Grant Robertson gave them five years or so ago. You you're seeing the flow through of that. But I'd also argue uh that you know the same sort of distraction politics is one of the reasons that we have a real challenge with productivity growth in New Zealand. We've pursued too many blind alleys, not enough making the boat go faster. And in a funny way, Air New Zealand is an icon for New Zealand, but probably not the one they'd want to be.