- Release Date: 25/03/14 17:54
- Summary: MONTHLY: AIR: Air New Zealand Investor Update (Op Stats) - February 2014
- Price Sensitive: No
- Download Document 4.36KB
AIR 25/03/2014 15:54 MONTHLY REL: 1554 HRS Air New Zealand Limited (NS) MONTHLY: AIR: Air New Zealand Investor Update (Op Stats) - February 2014 Contents -February market conditions -Company news -Operating statistics table (please see attached document) FEBRUARY MARKET CONDITIONS Air New Zealand carried 1,083,000 passengers during the month of February, 2.0% more than the same period last year. Revenue passenger kilometres (RPKs) decreased 1.1% on a capacity (ASKs) decrease of 1.8%. Group load factor was 83.9%, up 0.6 of a percentage point. Short Haul passenger numbers were up 3.1% on the same period last year. Demand (RPKs) increased in the Domestic market by 4.5%, while capacity increased 3.2%. Domestic load factor was up 1.1 percentage points to 84.4%. Tasman/Pacific demand (RPKs) increased 4.0%, with capacity (ASKs) increasing by 3.0%. Load factor for Tasman/Pacific was up 0.8 of a percentage point to 83.7%. Long Haul passenger numbers decreased 6.0% compared to February last year, with demand (RPKs) and capacity (ASKs) down 5.2% and 5.6% respectively. Load factor increased by 0.3 of a percentage point to 83.8%. On North America/UK routes, demand (RPKs) increased 5.4% with capacity (ASKs) increasing by 7.6%. Load factor decreased 1.7 percentage points to 82.9%. Demand (RPKs) was down 22.0% on Asia/Japan/UK routes, with capacity (ASKs) decreasing by 25.7% due to the withdrawal from the Hong Kong-London and Auckland-Osaka routes. Load factor increased 4.1 percentage points to 86.0%. Group-wide yields for the financial year to date were up 0.7% on the same period last year. Short Haul yields were down 0.7%, while Long Haul yields were up 0.9%. Removing the impact of foreign exchange, Group-wide yields were up 3.1%. In February, 82.3% of Air New Zealand's Domestic Jet flights departed within 10 minutes of scheduled departure time. COMPANY NEWS Record interim financial result Air New Zealand recently announced a record interim result for the first half of the 2014 financial year. Normalised earnings before taxation for the half-year were $180 million, an increase of 29% on the previous corresponding period. Statutory earnings before taxation were $197 million, with net profit after taxation of $140 million, an increase of 40%. The Board declared a fully imputed interim dividend of 4.5 cents per share, an increase of 50% over the previous corresponding period. Chairman Tony Carter said that with stable fuel prices and a traditional seasonal earnings pattern of a stronger first half, the company expects to deliver a full year result of normalised earnings before taxation in excess of $300 million. More peak season flights to San Francisco Air New Zealand will move to 10 return services per week on the popular Auckland-San Francisco route during the peak Northern winter period between mid-December and March, including double daily flights on Wednesdays, Fridays and Sundays. This will be the first time the airline has operated more than daily return services on the route and represents a 10 percent increase in capacity over the previous Northern winter period. The Northern winter season is traditionally a busy travel period with strong demand for the airline's North American services. The additional services also mean a more flexible schedule with a new, convenient mid-afternoon flight departing Auckland at 3.30pm and arriving in San Francisco at 6.45am. Capacity boost on Japan services Air New Zealand is boosting capacity on its Japan services by 30 percent from November. General Manager Japan Scott Carr says an overwhelming response to the airline's recent campaign with Tourism New Zealand has further strengthened confidence in the Japan market. "As a result Air New Zealand will add around 30 percent extra capacity to the Japan route between mid November this year and the end of March 2015. This will also see the airline operate a year-round daily direct service between Japan and New Zealand for the first time since 2007." The new schedule will include a combination of daytime and overnight services, offering customers a greater choice and more convenient connections both in New Zealand and from Tokyo to North Asia and Europe. There will be ten weekly services to Tokyo. Daily direct services will operate between Narita and Auckland, with three services per week operating via Christchurch. End CA:00248692 For:AIR Type:MONTHLY Time:2014-03-25 15:54:58
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