Ann: MONTHLY: AIR: Air New Zealand Investor Update (Op Stats) - November 2014

• Release Date: 16/12/14 10:33
• Summary: MONTHLY: AIR: Air New Zealand Investor Update (Op Stats) - November 2014
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					AIR
16/12/2014 10:33
MONTHLY
PRICE SENSITIVE
REL: 1033 HRS Air New Zealand Limited (NS)

MONTHLY: AIR: Air New Zealand Investor Update (Op Stats) - November 2014

CONTENTS

-November market conditions
-Company news
-Operating statistics table (see attached document)

NOVEMBER MARKET CONDITIONS

Air New Zealand carried 1,090,000 passengers during the month of November,
3.1% more than the same period last year. Revenue passenger kilometres (RPKs)
were 4.4% higher on a capacity (ASKs) increase of 4.8%. Group load factor was
82.8%, down 0.4 of a percentage point.

Short Haul passenger numbers were up 2.9%, while in the Domestic market
demand (RPKs) and capacity (ASKs) increased by 3.8% and 2.3% respectively.
Domestic load factor was 81.4%, an increase of 1.2 percentage points.

Tasman/Pacific demand (RPKs) increased 4.2% while capacity (ASKs) increased
by 3.6%. Load factor on Tasman/Pacific increased 0.4 of a percentage point to
85.5%.

Long Haul passenger numbers increased 4.6% when compared to November last
year, with demand (RPKs) up 4.7% and capacity (ASKs) also up 6.3%. Load
factor on Long Haul routes was 81.8%, down 1.3 percentage points.

On North American/UK routes, demand (RPKs) increased 2.9% with capacity
(ASKs) increasing 3.1%. Load factor was down 0.1 of a percentage point to
82.8%.

Demand (RPKs) increased 8.2% on Asia/Japan routes, with capacity (ASKs)
increasing by 12.9% due to further up-gauges to Boeing 777-200 aircraft on
the Shanghai route. Load factor decreased 3.5 percentage points to 79.8%.

Group-wide yields for the financial year to date were up 2.2% on the same
period last year. Short Haul yields were up 2.2%, while Long Haul yields were
up 1.2%. Removing the impact of foreign exchange, Group-wide yields were up
4.3%.

COMPANY NEWS

AIR NEW ZEALAND TO FLY DIRECT TO ARGENTINA

Air New Zealand is to launch direct flights between Auckland and Buenos
Aires, Argentina - the airline's first ever scheduled service to South
America.

An Air New Zealand Boeing 777-200 aircraft will operate three return services
a week on the route all year round.

Air New Zealand will enter into a code share agreement with Aerolineas
Argentinas, subject to obtaining regulatory approvals, which will see
Aerolineas Argentinas' code return to the South Pacific market on the new
route and on key connecting Trans-Tasman services, and Air New Zealand will
code share on Aerolineas Argentinas' services to Brazil.

Flights will commence in December 2015, with tickets on sale in March,
subject to obtaining necessary approvals.

AIR NEW ZEALAND COMMITS TO TWO MORE BOEING 787-9 DREAMLINERS

Air New Zealand last week announced plans to take delivery of two additional
Boeing 787-9 Dreamliner aircraft.

The airline already has three of these revolutionary new aircraft in its
fleet with a further seven on firm order.

Earlier this year Air New Zealand became the first airline in the world to
take delivery of the Boeing 787-9. The airline first operated the aircraft to
Sydney followed by scheduled services to Perth, Shanghai and most recently
Tokyo.

These two additional aircraft are expected to be delivered in late 2017 and
the latter half of 2018 respectively and will take the total number of
Dreamliners in the fleet to 12. The airline has another six 787-9 purchase
options still available.
End CA:00258964 For:AIR    Type:MONTHLY    Time:2014-12-16 10:33:55