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Air NZ hurt by Icelandic ash

Thursday 20th May 2010

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Air New Zealand said it carried 1.4% fewer passengers in April from the year-earlier month.

In April Air New Zealand carried 958,000 passengers, the company said in a release to the New Zealand Stock Exchange. Revenue passenger kilometres dropped 6.7% while capacity fell 4.1%. The group load factor decreased by 2.3 percentage points.

Short-haul passenger numbers were in line with April last year. Demand increased in the domestic market by 3.4% on last year and the load factor rose by 1.4 percentage points to 80% as capacity was increased by 1.5%.

Trans-Tasman load factors were 2.0 percentage points lower than April 2009 at 80.9%.

Volcanic ash-related disruptions in the UK hurt the carrier’s long-haul performance for the month, reducing capacity for the month by about 1.5% and cutting long-haul passenger numbers by 10.6% from April last year.

Group-wide yields for the financial year to date dropped 8.5% on the same period last year. Year to date short-haul yields declined 6.6% and the respective long-haul yields plunged 12.5%. Removing the impact of foreign exchange, group-wide yields dropped 6.7%.

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