Air New Zealand Limited (ANZFF) has released an update.
Air New Zealand Limited has reported a notable increase in international travel capacity following New Zealand’s border reopening, with a 7.3% rise in long-haul and 3.9% increase in short-haul international flights, despite a slight 2.0% dip in domestic flights. The company faces competitive pressures, particularly from US airlines on North American routes, leading to a 14.7% decline in long-haul revenue per available seat kilometre (RASK). Despite these challenges, the carrier has seen a 5.2% growth in passengers carried year-to-date, demonstrating resilience in the post-Covid travel market.
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