Air New Zealand Investor Update (Op Stats) – July 2018

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Contents
• July 2018 traffic highlights
• Operating statistics table
• Recent market announcements and media releases





July 2018 highlights











* % change is based on numbers prior to rounding
+ The July month percentage movements have been adjusted for the 3.3% difference in days for the accounting month of July 18 (29 days)
compared with July 17 (30 days). Air New Zealand uses a 4,4,5 accounting calendar.

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Reported RASK (unit passenger revenue per available seat kilometre) is inclusive of foreign currency impact, and underlying RASK excludes foreign
currency impact.
.
20 August 2018

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Operating statistics table

GroupFINANCIAL YTD
20182017% *+
Passengers carried (000)1,4201,4044.7%
Revenue Passenger Kilometres(m)3,1833,0697.3%
Available Seat Kilometres (m)3,8113,7116.2%
Passenger Load Factor (%)83.5%82.7%0.8 pts
Short Haul TotalFINANCIAL YTD
20182017% *+
Passengers carried (000)1,2481,2364.4%
Revenue Passenger Kilometres(m)1,4881,4287.8%
Available Seat Kilometres (m)1,8401,7608.1%
Passenger Load Factor (%)80.9%81.2%(0.3 pts)
DomesticFINANCIAL YTD
20182017% *+
Passengers carried (000)8928923.4%
Revenue Passenger Kilometres(m)4614584.0%
Available Seat Kilometres (m)5695615.0%
Passenger Load Factor (%)81.0%81.7%(0.7 pts)
Tasman / PacificFINANCIAL YTD
20182017% *+
Passengers carried (000)3563447.0%
Revenue Passenger Kilometres(m)1,0279709.5%
Available Seat Kilometres (m)1,2711,1999.6%
Passenger Load Factor (%)80.8%80.9%(0.1 pts)
Long Haul TotalFINANCIAL YTD
20182017% *+
Passengers carried (000)1721686.3%
Revenue Passenger Kilometres(m)1,6951,6416.9%
Available Seat Kilometres (m)1,9711,9514.5%
Passenger Load Factor (%)86.0%84.1%1.9 pts
Asia / Japan / SingaporeFINANCIAL YTD
20182017% *+
Passengers carried (000)65662.8%
Revenue Passenger Kilometres(m)5845882.8%
Available Seat Kilometres (m)704728(0.0%)
Passenger Load Factor (%)82.9%80.7%2.2 pts
Americas / UKFINANCIAL YTD
20182017% *+
Passengers carried (000)1071028.5%
Revenue Passenger Kilometres(m)1,1111,0539.2%
Available Seat Kilometres (m)1,2671,2237.1%
Passenger Load Factor (%)87.7%86.1%1.6 pts
* % change is based on numbers prior to rounding
Air New Zealand operates primarily in one segment, its primary business being the transportation of passengers and cargo on an
integrated netw ork of scheduled airline services to, f rom and w ithin New Zealand. The f ollow ing operational data and statistics is
additional supplementary inf ormation only.
+ The July m onth percentage m ovem ents have been adjusted for the 3.3% difference in days for the accounting
m onth of July 18 (29 days) com pared w ith July 17 (30 days). Air New Zealand uses a 4,4,5 accounting calendar
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Market announcements
Air New Zealand 2018 Annual Results Webcast Details 1 August 2018

Air New Zealand’s 2018 annual results will be announced before NZX trading begins on Thursday 23
August 2018.

A conference call for investors and analysts will be hosted by Christopher Luxon (Chief Executive
Officer) and Jeff McDowall (Chief Financial Officer) at 10:00am NZT on the same day and can be
accessed in the following ways:
• Live via webcast: Click here for link to the investor and analyst webcast
• Live via telephone (for “listen-only” participants and those who would like to ask a question):
Conference ID: 348006
New Zealand Toll Free: 0800 453 055
NZ Local (Auckland): 09 929 1687
NZ Local (Wellington): 04 974 7738
NZ Local (Christchurch): 03 974 2632
Australia Toll Free: 1 800 558 698
Alternate Australia Toll Free: 1 800 809 971
Australia Local: 02 9007 3187
United States: (855) 881 1339
United Kingdom: 0800 051 8245
China Wide: 4001 200 659
Hong Kong: 800 966 806
Japan: 0053 116 1281
Singapore: 800 101 2785
• Replay via webcast – will be accessible through the results section of the Investor Centre on Air New
Zealand's website:
https://www.airnewzealand.co.nz/investor-centre
Air New Zealand Board Chairman Tony Carter to retire in 2019 31 July 2018
Air New Zealand Chairman Tony Carter will retire at the airline’s Annual Shareholders’ Meeting in
September next year and be replaced by current Director Dame Therese Walsh. Mr Carter has held the role
of Chairman at the airline since 2013 after joining the Board in 2010.

Mr Carter signalled to the Board last year that 2019 was likely to be his final year at the helm of the national
carrier and by making this decision now allows fellow Directors the time to adequately plan for his
succession.

“I am thrilled that Dame Therese Walsh, who has been on the Board for two years, will succeed me with the
unanimous support of her fellow Directors. Dame Therese will be Air New Zealand’s first female Chairman
and is an outstanding leader with extremely strong corporate governance and commercial skills.
Importantly, she is highly customer centric and intimately understands the role of iconic brands to
supercharge our nation’s success,” Mr Carter says.

Dame Therese is currently Chairman of TVNZ, a Director of ASB and Contact Energy and a previous
Director of the NZX. She is also a Trustee of Wellington Regional Stadium, a Board member of Antarctica
New Zealand and Pro Chancellor at Victoria University. Her appointment as Chairman of Air New Zealand
will coincide with the conclusion of her tenure as Chairman of TVNZ.

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In her management career, she held roles including Chief Operating Officer for the 2011 Rugby World Cup
and Head of New Zealand for the 2015 Cricket World Cup. Prior to these she was the Chief Financial
Officer at NZ Rugby and an auditor at KPMG.

Dame Therese says she is humbled to have been unanimously elected Chairman-elect of Air New
Zealand.

“I have had the privilege of working with an outstanding Chairman, Board, Chief Executive Officer and
Executive team at Air New Zealand for the past two years. When I take up the position of Chairman at the
Annual Shareholders’ Meeting in September next year, I look forward to continuing the great work we are
doing to supercharge New Zealand’s success. The fortunes of our airline and our nation are inextricably
linked.” she says.

Chief Executive Officer Christopher Luxon welcomed Dame Therese’s selection by her fellow Directors as
Air New Zealand’s next Chairman.

“I’m excited about working more closely with Dame Therese, who will be an absolutely excellent Chairman. I
am in no doubt that she will both challenge and support the Executive to make our airline even more
successful,” Mr Luxon says.
Mr Carter will be formally acknowledged for his outstanding contribution to the ongoing success of Air New
Zealand, which has been regularly recognised during his tenure as one of the world’s best airline’s, at the
Annual Shareholders’ Meeting next year.

Media releases

Air New Zealand ventures into 3D printing of metal aircraft parts 9 August 2018

Air New Zealand has teamed up with New Zealand company Zenith Tecnica to investigate 3D printed metal
parts for aircraft and tools.

The airline has been working with the North Shore based, New Zealand owned and operated company
which specialises in the design and manufacture of 3D printed titanium and other metals using a technology
called electron beam melting (EBM). The EBM machines are manufactured by Arcam EBM, a GE Additive
company.

Air New Zealand Chief Operations Officer Bruce Parton says the airline is committed to innovation through
3D printing with new materials.

"It's fantastic to be able to team up with and support local operator Zenith Tecnica and work with global
company GE Additive to learn and collaborate in this space. While we are in the initial stages of working
with these companies on 3D printing, so far, we have printed prototype metal framing for our Business
Premier cabin, to quickly test new concepts and ideas and we have also made novelty wine aerators.

"While the aerators, made to look like replica aircraft engines, are a bit of fun we're really excited by the
possibility they represent as 3D printing is both cost and space effective."

Zenith Tecnica Managing Director Martyn Newby says the company is pleased to bring its years of metal
3D printing experience with specialist aerospace and space component manufacture to the local New
Zealand market.

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"This is a good project to demonstrate the strength, versatility and utility of titanium 3D printed parts for
aircraft applications and it's very exciting to be working alongside Air New Zealand on this journey."

Air New Zealand first began its foray into the area of 3D printing in 2016 and has now moved into items like
improved small parts for IFE screens which save cost and time, as well as working with new partners such
as ST Engineering Aerospace on more advanced parts. The airline is also exploring the boundaries of new
processes with Auckland University, Victoria University of Wellington and other technology companies. Most
recently it has been using a 3D laser scanner for creating parts' designs, tool designs and interior modelling.

Air New Zealand named in FTSE4Good Index Series 9 August 2018

Air New Zealand has been named in the FTSE4Good Index Series for the second consecutive year.
The global series is made up of 14 indexes and has been designed in response to growing interest in
socially responsible investment around the world.
To be included in the series, organisations are assessed across 300 data points and must support human
rights, have good relationships with stakeholders, be making progress to become environmentally
sustainable, ensure good labour standards (both internally and with suppliers), and fight bribery and
corruption.
Air New Zealand Head of Sustainability Lisa Daniell says it's terrific for the airline to be recognised in this
way.
"We continue to invest considerably in our sustainability programme, so it's great to have this work
acknowledged and globally benchmarked," says Ms Daniell.
The FTSE4Good Index Series includes more than 15 benchmarks, based on the Environmental, Social and
Governance (ESG) ratings of more than 4,000 securities in 47 Developed and Emerging markets.

Extra flights to boost business to The Bay 2 August 2018

Air New Zealand will operate up to an additional 12 one-way flights between Napier and Auckland each
week at peak business times from the end of October.

The new service to be operated over the summer period by the airline's 50-seat Q300 aircraft will depart
Auckland at 5:50pm with the aircraft overnighting at Hawke's Bay Airport and returning to Auckland at
7:15am.

Air New Zealand Regional Affairs Manager Ian Collier says the additional flights between Hawke's Bay and
Auckland come in response to growing demand from business travellers.

It's great to be able to meet the needs of businesses, with the additional flights offering those travelling from
Hawke's Bay the option of three services to Auckland before 8:30am and customers heading to Hawke's
Bay three flight options after 5pm."