and that return to profit globally, iata expected to happen next year with north america leading the asia—pacific lagging behind thanks to ongoing covid restrictions particularly in china. and an uncertain economic outlook is not normally a good sign for airlines but that has to be balanced against future pent—up demand from passengers as much of the world puts covid in the rear view mirror, so what does that mean for air new zealand, an airline who's home country face some of the strongest restrictions on the planet. so i've been catching up with its big boss. a real pleasure having you on my thank you for your time. let me start with this. it's a really tough time in terms of the global economy at the moment, as you know. it's got soaring inflation, soaring fuel prices. i'm just wondering how hard does that make it to invest in the future of air new zealand and in particular to invest in the passenger experience. to use the phrase that is actually in pretty well used during this period, crisis does create some opportunity. and i've been saying for some time to my team, you are now

anything whether there is a substantial military component but there should be someone and having a run iatank it is probably the closest to the place it should be centered but working with the ustr and the department of energy, with the responsibility to prepare this report. a ten or 15 years ago all of a sudden everyone talks about how we lost that whole industry. you would think someone in the government would have discovered that before it happened. who knows what we are losing right now. there isn't a report on some other areas where we may be losing capabilities to the chinese were other competitors right now. >> this should have happened four years ago in my estimation. we should have had this discussion before we went off on adventure. senatorti warner made an importt comment about avoiding barriers to trade on commodity products that are not subject to these intellectual property theft or forced technology transfer issues in china. i think about the harm of the tariffs on u.s. consumers, working families. there is economic evidence of that. they don't make this distinction. it seems