Air New Zealand (AIR) Trading update summary

Capacity and operational performance

• Group capacity rose 2.4% year-on-year in April, with long-haul ASKs up 0.3% and domestic capacity up 2.2%, aided by two new A321 aircraft.

• Short-haul international capacity increased 6.9% due to new aircraft additions.

• Targeted capacity reductions were implemented in response to higher jet fuel prices following Middle East conflict.

Revenue and yield trends

• Group year-to-date underlying RASK improved 2.8% year-on-year.

• Long-haul YTD RASK increased 5.8%, reflecting reduced capacity and resilient demand.

• Short-haul YTD RASK was 1.0% lower than the prior year.

• Reported RASK for April rose 4.0% overall, with long-haul up 8.0% and short-haul down 0.4%.

Passenger and load factor statistics

• April passengers carried increased 2.2% to 1,253,000; YTD up 1.0% to 13,438,000.

• April passenger load factor improved 1.9 pts to 85.8%; YTD load factor up 0.5 pts to 84.1%.

• Short-haul April passengers up 1.9%, Tasman/Pacific up 5.8%, long-haul up 4.5%.

• Asia April load factor rose 3.4 pts to 88.8%; Americas up 3.7 pts to 81.9%.