Air New Zealand Reports Capacity Reductions Amid Maintenance Challenges

Air New Zealand Limited ( (ANZFF) ) has issued an announcement.

In December 2024, Air New Zealand’s overall capacity decreased by 1.2% compared to the previous year, primarily due to reduced aircraft availability stemming from global engine maintenance requirements. Despite a slight increase in short-haul international capacity, long-haul and domestic routes saw reductions. The company faced a decline in year-to-date underlying RASK by 0.6%, with short-haul routes particularly impacted by a 2.1% decrease due to lower domestic demand. Although some Asian routes experienced yield improvements, increased competition in North America affected long-haul performance.

More about Air New Zealand Limited

Air New Zealand Limited is a major airline based in New Zealand that operates both domestic and international flights. The company offers long-haul international, short-haul international, and domestic air travel services, catering to a diverse range of markets.

YTD Price Performance: 2.94%

Average Trading Volume: 6,916

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $1.19B

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