February 2025 Monthly traffic update
• In February 2025, there was a total of 844k international passenger movements in the month, a 3.2% decrease compared to the same month in 2024. February 2024 was a leap year, so on an equivalent 28 day month, international passenger movements increased 0.2%. International passenger movements, excluding transits, for the month of February 2025 decreased by 1.3% and on a similar day adjusted basis, a 2.1% increase compared to a 28 day month last year. International passenger movements in February 2025 represent a recovery to 93% of the pre-COVID equivalent, just 1 percentage point off the highest recovery rate post the outbreak of the COVID-19 pandemic;
• International seat capacity decreased by 7% for the month of February, resulting in airline load factors increasing by 4 percentage points to reach 83%. Once again, the two largest load factor increases were on the United States routes which improved by 11 percentage points and China routes improving by 7 percentage points compared to February 2024;
• International transit passenger movements continued to experience a large decline, falling 32% during February 2025 on the prior year reflecting airlines continuing to prioritise point-to-point passengers at the expense of Americas to Australia transit passenger flows;
• Reviewing changes in international passengers excluding transits shows American nationals had the largest volume increase for the month of 3.6k or 4%, followed by Australian nationals increasing 2.5k or 2.8%. Chinese nationals decreased by 17k or 20% due to the timing of Chinese New Year;
• Domestic passenger movements decreased 5% in the month of February 2025 when compared to the same month in the prior year, a day adjusted decline of 1.6% with seat capacity the same as last year, resulting in domestic load factors declining by 4.4 percentage points to 84.4%; and
• Queenstown Airport international passenger numbers in February 2025 increased 3% on the year prior and domestic passengers decreased by 3% on the same month last year.
Please see attached pdf for full report.
The S&P/NZX 50 Index closed at 12,338.57, up 18.38 points or 0.15%.
Wine makers, manufacturers and others mull what trade wars will bring.
‘They've forgotten the lessons of the Great Depression,’ one analyst said.
To join your company account for BusinessDesk and enjoy full access, enter your email and we’ll send you details