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Air NZ's short haul numbers fall

Wednesday 23rd July 2008

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Air New Zealand's short-haul load factor fell last month as growth in passenger numbers couldn't keep pace with an increase in capacity.

Load factor is RPKs as a percentage of ASKs, or how many available seats were sold by the distance flown. Short haul means flights between New Zealand, Australia and Pacific Island nations.

Total short haul slipped to 72.7% from 75.4% in June 2007, the company said in a statement. Long haul, which includes Asia, North America and Europe, was little changed at 80.8% last month.

Separately, the airline said it had a net US$52.4 million of fuel swaps and options as at July 21 on a mark-to-market basis, covering July and September. The hedge ratio is 76% , with 1.6 million barrels hedged at US$78.33 to US$96.17, out of a total estimated consumption of 2.1 million barrels, it said.

By Jonathan Underhill

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