Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Air NZ October passenger numbers rise almost 10%

Air NZ October passenger numbers rise almost 10%

By Jason Krupp

Nov. 25 (BusinessDesk) - Air New Zealand Ltd., the national carrier, reported an increase of almost 10% in passenger numbers in October, as the airline increased capacity amid signs that demand is returning to pre-global financial crisis levels.

The airline carried a total 1,017,000 passengers in October, up 9.2% compared to the same month of 2009, the company said in a statement. Revenue passenger kilometres rose 6.1%, capacity rose 2.4%, and group load factors increased by 2.9% percentage points.

On a month-on-month basis, passenger volumes declined by 20% from 1,272,000 in September.

This comes as short-term overseas visitor arrivals declined by 1% in October, which fell to 184,900 compared to the same month in the previous year, according to Statistics New Zealand, as the strong New Zealand dollar saw tourists look for more affordable destinations.

Short haul passenger numbers rose 10.2% on October last year, with revenue passenger kilometres in up by 12.6% on last year. Domestic load factor rose by 6.6 percentage points to 83.4% on a capacity increase of 3.6%.

Tasman- Pacific demand in October rose 8.1% on the previous year after capacity was increased by 0.6%, while the monthly load factor increased 6.1 percentage points to 87.3%.

Long Haul passenger numbers were 2.5% higher than October last year, with North America/U.K. up 5.4% on a capacity increase of 7.3%, while load factor fell 1.4 percentage points to 80.3%.

Demand rose 0.8% on Asia-Japan-UK routes where capacity fell by 3.2% and load factor rose by 3.2 percentage points to 81.5%.

Group-wide yields for the financial year to date were up 4.3% on the same period last year. Short haul yields fell 1.4%, as the airline continued to lower fares which stimulated demand, while long haul yields rose 10.9%.

Shares were unchanged at $1.32, and have appreciated 2.8% in value so far this year.


© Scoop Media

Business Headlines | Sci-Tech Headlines


RNZ: Porirua Most Expensive Region To Rent, According To Trade Me

A rental website shows this town is now New Zealand's most expensive region to rent a house, ahead of Wellington and Auckland cities. More>>


Stats NZ: Nearly 1,000 More Big Businesses Now Than Two Decades Ago – Media Release

There are now 2,690 big businesses in New Zealand employing more than 100 staff – nearly 1,000 or 58 percent more than 20 years ago, Stats NZ said today. Over the 20 years to February 2020, the total number of enterprises in New Zealand increased ... More>>


RNZ: Housing Boom Could Get Worse, Economist Warns

Economists are calling on the Reserve Bank to reinstate lending restrictions, warning the housing market is spiralling out of control. More>>


Westpac: Sets Out Plan To Go Cheque-Free

Westpac NZ has announced details of its plan to phase out cheques, after signalling in May that it would be supporting a move to other forms of payment. Cheques will cease to be available as a means of payment after 25 June 2021. Westpac NZ General ... More>>


NZTA: Major New Zealand Upgrade Programme Projects Go To Tender

Two major New Zealand Upgrade Programme projects are beginning tenders for construction. The New Zealand Upgrade Programme is a $6.8 billion investment to get our cities moving, to save lives and boost productivity in growth areas. The first Auckland ... More>>

Reserve Bank: RBNZ Seeks To Preserve Benefits Of Cash

The Reserve Bank – Te Pūtea Matua is taking on a new role of steward of the cash system “to preserve the benefits of cash for all who need them”, Assistant Governor Christian Hawkesby told the Royal Numismatics Society of New Zealand annual conference ... More>>


CERT NZ: Malicious Computer Virus Targeting New Zealanders

CERT NZ, the government agency which supports organisations and individuals affected by cyber security incidents, says a recent surge of increasingly sophisticated malware attacks is affecting everyday New Zealanders as well as large organisations. The ... More>>


Economy: NZ Small Business Recovery Continues In September

Xero, the global small business platform, today released its Small Business Insights (XSBI) for September revealing an uptick in small business jobs and year-on-year revenue growth in New Zealand. Nationwide, the average number of jobs in the small ... More>>


Courts: Businessman Eric Watson Sentenced To A Four-Month Jail Term

New Zealand businessman Eric Watson has been sentenced to a four-month jail term in the UK for contempt of court, TVNZ reports. More>>

OECD: Area Employment Rate Falls By 4.0 Percentage Points, To 64.6% In Second Quarter Of 2020

The OECD area employment rate – the share of the working-age population with jobs – fell by 4.0 percentage points, to 64.6%, in the second quarter of 2020, its lowest level since the fourth quarter of 2010. Across the OECD area, 560 million persons ... More>>

Spark: Turns On 5G In Auckland And Offers A Glimpse Into The Future Of Smart Cities

Spark turned on 5G in downtown Auckland today and has partnered with Auckland Transport (AT) to showcase some of the latest in IoT (Internet of Things) technology and demonstrate what the future could look like for Auckland’s CBD with the power of 5G. 5G is ... More>>

Stats NZ: Monthly Migration Remains Low

Since the border closed in late-March 2020, net migration has averaged about 300 a month, Stats NZ said today. In the five months from April to August 2020, overall net migration was provisionally estimated at 1,700. This was made up of a net gain ... More>>