Key points:
• In November 2024, there was a total of 862k international passenger movements in the month, a 3% increase compared to the same month in 2023. International seat capacity declined 1% on the prior year whilst flight load factors improved by 3.8 percentage points to 82.7%;
• International passengers on East and South-East Asian routes increased by 21% on 19% more seat capacity, with China routes the standout performer with 17% more passengers on similar levels of capacity. New Zealand passport holders accounted for 43% of all international passenger movements for the month, with volume increasing by 3% on the prior year. There was a 10% increase in Australian passport holders travelling during November 2024 compared to the same month last year due to a number of events held in Auckland city during the month;
• Domestic passenger movements increased by 3% in the month of November 2024 when compared to the prior year. Again, demand increased due to events held in Auckland city with a 10% increase in domestic passenger numbers during the week of the three concerts, whilst passenger numbers during the weeks either side increased by only 1%. The largest passenger volume increases for the month was on the routes to and from Wellington and Christchurch with 25k additional passenger movements, an increase of 7%;
• Total passenger movements for the month of November 2024 of 1,633k were 90% of the pre-COVID equivalent with domestic passenger movements at 92% and international passenger movements at 89% respectively. For the 12 months ending November 2024 total passenger movements were 18.7 million, 90% of the pre-COVID equivalent; and
• Queenstown Airport international passenger numbers in November 2024 increased 4% on the year prior and domestic passengers decreased 1% on the same month last year.
Please see attached pdf for full report.
The S&P/NZX 50 Index closed at 12,943.57, gaining 59.19 points or 0.46%.
Around 80% of Air NZ's emissions from jet fuel are from international flights.
“We expect investor support for a capital raise," Jarden's Arie Dekker said.
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