Ann: MONTHLY: AIR: Air New Zealand Investor Updat

• Release Date: 20/05/13 13:07
• Summary: MONTHLY: AIR: Air New Zealand Investor Update (Op Stats) - April 2013
• Price Sensitive: No
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AIR
20/05/2013 11:07
MONTHLY

REL: 1107 HRS Air New Zealand Limited (NS)

MONTHLY: AIR: Air New Zealand Investor Update (Op Stats) - April 2013

CONTENTS

- April market conditions
- Company news
- Operating statistics table

APRIL MARKET CONDITIONS

Air New Zealand carried 1,046,000 passengers during the month of April, 2.2%
more than the same period last year. Revenue passenger kilometres (RPKs)
decreased 0.8% on a capacity (ASKs) increase of 0.3%. Group load factor was
82.1%, down 0.9 of a percentage point.

Short Haul passenger numbers were up 3.2% on the same period last year.
Demand (RPKs) increased in the Domestic market by 3.8%, while capacity
increased 1.7%. Domestic load factor was up 1.7 percentage points to 85.0%.

Tasman/Pacific demand (RPKs) increased 4.7%, with capacity (ASKs) increasing
5.5%, reflecting the additional frequency on Auckland-Honolulu and the
up-gauge to a B777 aircraft on Auckland-Perth. Load factor for Tasman/Pacific
was down 0.6 of a percentage point to 83.3%.

Long Haul passenger numbers decreased 6.5% compared to April last year, with
demand (RPKs) down 5.6% while capacity decreased 3.3% following the
withdrawal of Hong Kong-London services from 4 March 2013. Load factor
decreased by 2.0 percentage points to 80.3%.

On North America/UK routes, demand (RPKs) increased 9.3% with capacity (ASKs)
increasing by 12.5%. Load factor decreased 2.4 percentage points on the
previous year to 80.7%.

Demand (RPKs) was down 26.6% on Asia/Japan/UK routes, with capacity (ASKs)
decreasing by 25.0% as a result of the consolidation of China flying into
Shanghai and the withdrawal of Hong Kong-London flights. Load factor
decreased 1.8 percentage points to 79.4%.

Group-wide yields for the financial year to date were up 1.6% on the same
period last year. Short Haul yields were down 1.7%, while Long Haul yields
were up 5.5%. Removing the impact of foreign exchange, Group-wide yields were
up 2.6%.

In February, 82.0% of Air New Zealand's Domestic flights departed within 10
minutes of scheduled departure time.

COMPANY NEWS

New Chairman Appointed

Air New Zealand has announced that Tony Carter will replace retiring Board
Chairman John Palmer, when he steps down following the Annual Shareholders'
Meeting in September.
Mr Carter's appointment follows a succession process initiated two years ago
when Mr Palmer signalled that this would be his final term on the Board of
Air New Zealand.

Mr Carter is currently Chairman of Fisher and Paykel Healthcare Ltd and a non
Executive Director of ANZ Bank New Zealand Ltd and Fletcher Building Limited.
He is a former Managing Director of Foodstuffs New Zealand.

Mr Palmer has been Chairman of Air New Zealand since 2001 and has played a
pivotal role in the revitalisation of the airline, which is now regarded as
one of the most profitable and best in the world. Mr Palmer will remain on
the Board as a Director until early next year.

Air New Zealand Tops Customer Experience Index

Air New Zealand has topped the Nunwood Customer Experience Excellence (CEE)
Index in Australia which measures companies that excel in the eyes of their
customers.

The study surveyed 5,000 Australian consumers about their interactions with
leading companies across six dimensions of customer experience:
personalisation, resolution, integrity, time and effort, expectations and
empathy.

Major Milestone in Boeing 787-9 Programme

The first of Air New Zealand's Boeing 787-9 aircraft to be constructed has
achieved a major milestone in early May with the arrival of the first major
part of the new aircraft at Boeing's Everett factory in Seattle three weeks
ahead of schedule.

The aircraft is approaching the crucial final assembly phase which means the
horizontal stabiliser section that arrived this week from another US based
Boeing facility is the first of many that will be delivered to Seattle over
the coming weeks to form the world's first ever 787-9 aircraft.

Air New Zealand is the launch customer for the 787-9, which is longer than
the 787-8 currently in operation - and the airline will welcome 10 of these
new generation aircraft into its fleet between 2014 and 2017.

Refer to attachment for Operating Statistics table.
End CA:00236419 For:AIR    Type:MONTHLY    Time:2013-05-20 11:07:24