Ann: MONTHLY: AIR: Air New Zealand Investor Updat

• Release Date: 20/06/12 16:51
• Summary: MONTHLY: AIR: Air New Zealand Investor Update (Op Stats) - May 2012
• Price Sensitive: No
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AIR
20/06/2012 14:51
MONTHLY

REL: 1451 HRS Air New Zealand Limited (NS)

MONTHLY: AIR: Air New Zealand Investor Update (Op Stats) - May 2012

CONTENTS
-May market conditions
-Company news
-Operating statistics table

MAY MARKET CONDITIONS

Air New Zealand carried 910,000 passengers during the month of May, 2.0% more
than last year. Revenue passenger kilometres (RPKs) increased 4.7% on a
capacity (ASKs) increase of 3.1%. This resulted in an increase in Group load
factor of 1.2 percentage points to 79.7%.

Short Haul passenger numbers were up 1.7% on May last year. Demand (RPKs)
increased in the Domestic market by 1.5% compared to last year, with load
factor down 0.1 of a percentage point on a capacity (ASKs) increase of 1.7%.
Tasman/Pacific demand (RPKs) increased 5.9%, with capacity (ASKs) increasing
2.1%. Tasman/Pacific load factor increased by 3 percentage points to 81.9%
when compared to May 2011.

Long Haul passenger numbers increased 4.8% compared to May last year, with
growth in capacity (ASKs) of 4.0% and demand (RPKs) of 5.0%. Load factor
increased 0.8 of a percentage point to 78.9%. On North America/UK routes,
demand (RPKs) increased 1.2% with capacity (ASKs) reducing by 0.9%. As a
result, load factor increased by 1.7 percentage points on the previous year
to 82.9%. Demand (RPKs) increased by 11.9% on Asia/Japan/UK routes, with
capacity (ASKs) increasing by 11.7%. Load factor increased by 0.1 of a
percentage point to 73.3%.

Group-wide yields for the financial year to date were up 3.2% on the same
period last year. Compared to May 2011, year to date Short Haul yields were
up 1.1%. Long Haul yields were up by 3.7%. Removing the impact of foreign
exchange, Group-wide yields were up 5.0%.

In May, 87.3% of Air New Zealand's Domestic flights departed within 10
minutes of scheduled departure time.

COMPANY NEWS

Air New Zealand announces new CEO

Air New Zealand has appointed Christopher Luxon as its next Chief Executive
Officer. Mr Luxon is presently Group General Manager International Airline
and has held the role since joining Air New Zealand in May, 2011, following a
successful career at Unilever in North America, Asia and Australia. His most
recent role there was President and Chief Executive Officer of Unilever's
Canadian business.

Mr Luxon will take over from current Chief Executive Officer Rob Fyfe at the
end of December.

Commencement of Auckland-Bali direct service

Air New Zealand's first non-stop flight to the popular holiday destination of
Bali took off from Auckland for Denpasar June 19, marking the start of a
seasonal service lasting until October. Air New Zealand announced in February
that it would operate a twice weekly direct link between New Zealand and Bali
with a flight time of nine and a half hours in one direction and eight hours
in the other. This is significantly more convenient than the indirect
services offered by competitors.

The Bali service is being operated by Boeing 767-300 aircraft, offering 24
Business Class and 204 Economy Class seats with a highly competitive 'Seats
to Suit' lead in fare of $599 per person one way.
End CA:00224076 For:AIR    Type:MONTHLY    Time:2012-06-20 14:51:18