Ann: MONTHLY: AIR: Air New Zealand Investor Update (Op Stats) - April 2015

• Release Date: 22/05/15 15:11
• Summary: MONTHLY: AIR: Air New Zealand Investor Update (Op Stats) - April 2015
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					AIR
22/05/2015 15:11
MONTHLY
PRICE SENSITIVE
REL: 1511 HRS Air New Zealand Limited (NS)

MONTHLY: AIR: Air New Zealand Investor Update (Op Stats) - April 2015

CONTENTS

oApril market conditions
oCompany news
oOperating statistics table (please see attached document)

APRIL MARKET CONDITIONS

Air New Zealand carried 1,167,000 passengers during the month of April, 11.2%
more than the same period last year. Revenue passenger kilometres (RPKs) were
16.0% higher on a capacity (ASKs) increase of 12.7%. Group load factor was up
2.4 percentage points to 85.5%.

Short Haul passenger numbers were up 9.5%, while in the Domestic market
demand (RPKs) and capacity (ASKs) increased by 11.5% and 3.6% respectively.
Domestic load factor was 85.9%, up 6.0 percentage points.

Tasman/Pacific demand (RPKs) increased 5.7% while capacity (ASKs) increased
by 4.5%. Load factor on Tasman/Pacific increased 1.0 percentage point to
85.1%.

Long Haul passenger numbers increased 25.8% when compared to April last year,
with demand (RPKs) up 24.1% and capacity (ASKs) up 21.1%. Load factor on Long
Haul routes was 85.6%, up 2.1 percentage points.

On North American/UK routes, demand (RPKs) increased 9.4% with capacity
(ASKs) increasing 8.5%. Load factor was up 0.8 of a percentage point to
84.2%.

Demand (RPKs) increased 53.8% on Asia routes, with capacity (ASKs) increasing
by 46.6% due to the new Auckland-Singapore route and larger B787-9 aircraft
operating the on the Auckland-Shanghai route. Load factor increased 4.1
percentage points to 87.7%.

Group-wide yields for the financial year to date were up 0.6% on the same
period last year. Short Haul yields were up 2.3% while Long Haul yields were
down 0.8%, negatively impacted by foreign exchange movements. Removing the
impact of foreign exchange, Group-wide yields were up 1.6%.

COMPANY NEWS

AIR NEW ZEALAND CELEBRATES 75 YEARS SINCE FIRST FLIGHT

Air New Zealand celebrated 75 years of flying on 30 April 2015, with birthday
festivities including a mid-air game show, a chance for customers to win back
their fare, and a themed flight across the Tasman.

Air New Zealand Chief Executive Officer Christopher Luxon said the airline
had enjoyed the ongoing support of Kiwis throughout its 75 years and the
milestone was an opportunity to include customers in the anniversary
celebrations.

"As the national carrier, our history is just as much about New Zealand as it
is about Air New Zealand so this is something for all of us to celebrate
together," Mr Luxon said.

"Air New Zealand's first flight took nine hours to travel from Auckland to
Sydney with just nine passengers on board, paving the way for a nation of
adventurers to take flight and explore. It really has been a remarkable
journey and we want to thank New Zealanders for being part of it."

AIR NEW ZEALAND TO BOOST PERTH CAPACITY BY 30 PERCENT

Air New Zealand is introducing three new weekly flights between Perth and
Auckland timed to connect West Australian travellers to the airline's USA,
Canada and Argentina flights.

The new daytime flights will initially operate from 11 December 2015 to 1 May
2016 enabling customers to make easy one-stop journeys to popular
destinations such as Los Angeles, San Francisco and Vancouver as well as Air
New Zealand's exciting new destinations of Houston and Buenos Aires launching
in December.

Air New Zealand currently operates a daily 787-9 service between Perth and
Auckland, the additional daytime services will be operated by 767-300
aircraft and increase the frequency to 10 times per week.

Existing twice weekly seasonal Perth - Christchurch services will continue.
All Perth flights are operated by Air New Zealand in partnership with Virgin
Australia under the trans-Tasman alliance between the two airlines.
End CA:00264698 For:AIR    Type:MONTHLY    Time:2015-05-22 15:11:30