Air NZ passenger numbers bolstered by domestic, trans-Tasman flights in July
By Paul McBeth
Aug. 23 (BusinessDesk) – Air New Zealand Ltd., the national carrier, carried 2.8% more passengers last month than in
July 2010 as domestic and trans-Tasman flights were more popular.
The airline said it carrier 1.15 million passengers in July, 2.8% more than the same month a year earlier, though
revenue passenger kilometres was largely the same at 2,401 metres. Those gains were underpinned by short-haul
passengers, which rose 4.1% to 1.011 million, with a 3.2% increase in domestic passenger volumes and a 6.7% rise in
trans-Tasman passengers.
That offset a 6% decline in long-haul passenger numbers to 139,000, with the Asian, Japanese and U.K. routes hit hardest
as they fell almost 11%.
Air NZ said the international passenger decline was mainly due to fewer Japanese travellers in the wake of the
earthquakes in Christchurch and Japan.
There were 4% fewer short-term arrivals in New Zealand in July, according to government data, with a strong currency
acting as a deterrent to visitors and some tourists holding back on their travel plans until next month’s Rugby World
Cup tournament. The sporting event is expected to bring 95,000 visitors to New Zealand.
Shares in Air NZ were unchanged at $1.09 in trading today, and have dropped 28% this year.
The airline is expected to post a 37% slump in adjusted profit to $51.9 million, but Forsyth Barr broker Jeremy Simpson
when it announces its result on Thursday.
(BusinessDesk)