Contents
o June market conditions
o Company news
o Operating statistics table
June market conditions
Air New Zealand carried 1,357,000 passengers during the month of June, an
increase of 8.3% compared to the same period last year. Revenue passenger
kilometres (RPKs) were 5.4% higher on a capacity (ASKs) increase of 5.5%.
Group load factors were down 0.1 percentage point overall to 80.7%.
Short Haul passenger numbers increased 9.3%. In the Domestic market demand
(RPKs) increased by 11.0%, with capacity (ASKs) increasing by 12.8%, due to
increased services on Auckland - Queenstown and the main trunk routes, as
well as growth on the regional routes resulting from up-gauging to larger
aircraft. Domestic load factor decreased 1.2 percentage points to 76.5%.
Tasman/Pacific demand (RPKs) increased 9.5% while capacity (ASKs) increased
by 8.7% due to up-gauging to larger aircraft on several Australian and
Pacific Island routes. Load factor on Tasman/Pacific increased 0.6 percentage
points to 83.2%.
Long Haul passenger numbers increased 1.5% when compared to June last year,
with both demand (RPKs) and capacity (ASKs) increasing 2.0%. Load factor on
Long Haul routes of 80.7% was flat compared to the prior period.
On Americas/UK routes, demand (RPKs) increased by 6.0%, with capacity (ASKs)
increasing 6.7%, due to increased frequency on the Auckland-Los Angeles and
Auckland-San Francisco routes. Load factor decreased 0.6 percentage points to
85.3%.
On Asia/Japan/Singapore routes, demand (RPKs) declined 5.4% and capacity
(ASKs) declined by 5.4%, reflecting reduced frequency on the Auckland-Ho Chi
Minh City route. Load factor of 72.5% was flat compared to the prior period.
For the financial year to date, Short Haul passenger revenue per ASK (RASK)*
decreased 4.2% and Long Haul RASK* decreased 12.9%. Removing the impact of
foreign exchange, Group-wide RASK* decreased 6.3%, and Group-wide yields for
the financial year to date decreased 5.0% on the same period last year.
* Air New Zealand''s operating statistics will provide Passenger revenue per
ASK, or RASK, going forward as a key metric of revenue performance. RASK is
defined as passenger revenue for the period divided by the total ASKs for the
period; compared to yield which represents the passenger revenue per
passenger kilometre flown.
Company news
Air New Zealand establishes sponsored level 1 ADR programme
Air New Zealand announced that it has established a sponsored level 1
American Depositary Receipt (ADR) programme, with Deutsche Bank Trust Company
Americas ("Deutsche Bank") as the nominated Depositary Bank.
Effective 21 July 2017, Air New Zealand ADRs traded in the United States
over-the-counter market under the ticker symbol ANZLY. Each ADR will
initially represent twenty ordinary shares of Air New Zealand. As at 14
August 2017, the ratio will change and each ADR will then represent five
ordinary shares of Air New Zealand.
An ADR is a negotiable U.S. security that represents an equity holding in a
non-U.S. entity. ADRs can be traded in the United States through
over-the-counter (OTC) market and are denominated in U.S. dollars.
The ADR programme does not involve the issuance of new shares or the raising
of capital by Air New Zealand. An ADR may be preferable for certain U.S.
investors to invest in a foreign company as the ADR can trade, clear and
settle in U.S. dollars and according to U.S. market conventions.
For more information on ADRs, please refer to Air New Zealand''s investor
centre website at www.airnewzealand.co.nz/adr-information.
Air New Zealand annual results notification
Air New Zealand will release its financial results for the 2017 financial
year on Wednesday, 23 August 2017.
Additional details regarding the webcast of the analyst presentation will be
provided in August.
Air New Zealand annual meeting and nomination of Directors
On 14 July, Air New Zealand Limited advised that its Annual Shareholders''
Meeting will be held at the ASB Waterfront Theatre, 138 Halsey Street,
Auckland, on Thursday 28 September 2017 at 2.00pm.
Air New Zealand will be offering, in addition to the standard meeting, an
online attendance option this year, giving shareholders the choice to attend
and participate in the Annual Meeting via an online platform. Details of
registration for those who wish to participate online will be included in the
Notice of Meeting sent after the 2017 Annual Results on 23 August 2017.
Nominations for the position of director may be made on or before 5pm Friday
28 August 2017. Nominations must be made in writing by a security holder
entitled to attend and vote at the Meeting, and should be directed to the
Company Secretary at Air New Zealand, Private Bag 92007, Auckland 1142.
Air New Zealand introduces smart passport service
The airline''s mobile app is now able to scan and save passport information
and send a timely reminder when it''s time to renew.
Every month around 550 customers turn up to the airport with an expired
passport, triggering a stressful situation for would be travellers.
Air New Zealand customers can now save themselves the stress and
embarrassment by using their smartphone camera to capture and save their
passport details. Not only will this streamline their check-in experience, it
also triggers expiry reminders including providing handy click through links
to renew New Zealand, Australian, British and American passports.
Air New Zealand''s Chief Digital Officer Avi Golan says customer feedback is
driving the rollout of time-saving tools such as this and customers can look
forward to an increasingly smarter digital travel experience - not just on
the day of travel but in the dreaming and planning phase.
"Customers consistently tell us time is the biggest stress factor when
travelling, so prioritising features that offer genuine benefits and
convenience on the go is key.
"Integrating smartphone camera technology to our app paves the way for adding
secure credit card scanning to our booking system, as well as longer term
developments such as selfie-boarding - using biometrics and facial
recognition to verify customers at the gate."
The Air New Zealand mobile app has been downloaded by 1.3 million people.
Ends.
End CA:00304781 For:AIR Type:GENERAL Time:2017-07-31 10:29:00