- Release Date: 10/12/13 15:09
- Summary: MONTHLY: AIR: Air New Zealand Investor Update (Op Stats) - November 2013
- Price Sensitive: No
- Download Document 3.44KB
AIR 10/12/2013 13:09 MONTHLY REL: 1309 HRS Air New Zealand Limited (NS) MONTHLY: AIR: Air New Zealand Investor Update (Op Stats) - November 2013 CONTENTS -November market conditions -Company news -Operating statistics table (please see attached document) NOVEMBER MARKET CONDITIONS Air New Zealand carried 1,057,000 passengers during the month of November, 1.1% more than the same period last year. Revenue passenger kilometres (RPKs) decreased 0.4% on a capacity (ASKs) decrease of 2.5%. Group load factor was 83.2%, up 1.8 percentage points. Short Haul passenger numbers were up 1.6% on the same period last year. Demand (RPKs) increased in the Domestic market by 2.4%, while capacity increased 3.7%. Domestic load factor was down 1.0 percentage point to 80.2%. Tasman/Pacific demand (RPKs) increased 1.2%, with capacity (ASKs) increasing 0.4%. Load factor for Tasman/Pacific was up 0.7 of a percentage point to 85.1%. Long Haul passenger numbers decreased 2.6% compared to November last year, with demand (RPKs) and capacity (ASKs) down 2.3% and 6.0% respectively. Load factor increased by 3.2 percentage points to 83.1%. On North America/UK routes, demand (RPKs) increased 8.1% with capacity (ASKs) increasing by 4.5%. Load factor increased 2.7 percentage point to 82.9%. Demand (RPKs) was down 18.1% on Asia/Japan/UK routes, with capacity (ASKs) decreasing by 21.9% due to the withdrawal of Hong Kong-London flights. Load factor increased 3.9 percentage points to 83.3%. Group-wide yields for the financial year to date were up 0.1% on the same period last year. Short Haul yields were down 1.2%, while Long Haul yields were up 0.9%. Removing the impact of foreign exchange, Group-wide yields were up 2.1%. In November, 82.3% of Air New Zealand's Domestic flights departed within 10 minutes of scheduled departure time. COMPANY NEWS PROFIT UPDATE Air New Zealand has made good progress year to date and remains on target to exceed last year's earnings for the full year. With sufficient confidence in the expected outcome of the important December month, together with the greater certainty around the costs for voluntary redundancy from recent labour contract settlements, the company expects Earnings Before Taxation for the six months to 31 December 2013 (including redundancy costs estimated at $10 million) to exceed the previous corresponding period by approximately 20 percent. AIRPOINTS PROGRAMME BOLSTERS GENEROSITY FOR MEMBERS Air New Zealand's 1.4 million Airpoints members will now earn Airpoints Dollars on every regularly available fare and can look forward to enjoying several million more Airpoints Dollars every year following recently announced changes. Key changes include: -Airpoints Dollars now to be earned on every regularly available fare (excludes last minute grabaseat greenlight fares through grabaseat.co.nz and tickets purchased using Airpoints Dollars) -Higher Airpoints Dollar earning rates on 62% of all airfares -Regional, domestic and trans-Tasman travellers will be better recognised, with 78% of all Smart Saver and Flexi fare classes on these routes offering higher Status Point earning rates -Airpoints Dollar and Status Point earning when flying on partner airlines will be easier to understand -A new Airpoints website is now available offering a significantly enhanced user experience and optimised for viewing on tablet devices The majority of changes will take effect on 31 March 2014. End CA:00244960 For:AIR Type:MONTHLY Time:2013-12-10 13:09:46
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