Free audio stream, including stories that are padlocked on our site. Listen on any device, anywhere. Updated twice daily. The audio stream takes several seconds to start on Android devices.Launch Radio player
The total number of passengers Air New Zealand carried in January fell as weaker long haul and domestic operations overshadowed improved metrics on the trans-Tasman route.
Air New Zealand says it has carried 980,000 passengers in the previous month, down 1% compared to the same month last year.
Total revenue passenger kilometres (RPKs) fell 1.3% on the same capacity with group load factor dropping 1.1 percentage points.
The airline told analysts and investors in November last year it’s aiming for a $100 million profit improvement by 2015 from long haul flights, which are now an under-performing part of the company.
Long haul passenger numbers recorded Airline’s biggest declines in January, falling 4.3%, compared to the same month a year ago with a 0.7% capacity increase contributing to the headline decline.
This was lead by passenger declines on the North America and UK route, which fell 3.4% compared to January last year, as capacity fell 2.1% and load factor dropping 1.3 percentage points to 89.2%.
The airline said last year’s Christchurch and Japan earthquakes continued to impact its Asian operations, with RPKs falling by 1.8% on the Asia, Japan and UK route, with capacity increasing 4.8% and load factor falling by 5.5 percentage points to 82.8%.
Short haul passenger numbers fell 0.4% in January last year, while a fall in capacity saw RPKs rise 1.6% and load factor increased 1.9 percentage points to 83.8%.
January’s passenger traffic on the profitable trans-Tasman route rose 0.9% compared to last year on the back of a 1.2% decrease in capacity.
Compared to last January year to date, short haul yields were up 1.7%with long haul yields being up by 4.3%. Removing the impact of foreign exchange, Group-wide yields were up 5.8%.
This article is tagged with the following keywords. Find out more about MyNBR Tags
- Carry on: 250 A320s for EasyJet, lower Changi fees and more
- 'I guess I'm back to piracy' — Auckland man as HBO NOW follows through on cut-off threat
- The Moxie Sessions: Will the last person out of Ohura please turn out the lights (but for the love of God don’t unplug the navigation beacon)
- Spark's market cap slips, as investors weigh increased competition
- Capital gains tax, Brierley's final bat, crackdown on developers