Air New Zealand Investor Update (Op Stats) – April 2019

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Contents
• April 2019 traffic highlights
• Operating statistics table
• Recent market announcements and media releases


April 2019 highlights















* % change is based on numbers prior to rounding
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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.
.
Group traffic summary
20192018% *20192018
% *
Passengers carried (000)
1,4311,3843.4%14,88114,2564.4%
Revenue Passenger Kilometres(m)3,062
2,9334.4%32,46530,8355.3%
Available Seat Kilometres (m)
3,5603,4762.4%38,73537,1034.4%
Passenger Load Factor (%)86.0%84.4%1.6 pts83.8%83.1%0.7 pts
Ye a r-to-da te RASK
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Group1.4% 0.4%
Short Haul(0.1%)(0.4%)
Long Haul2.9% 0.8%
APRILFINANCIAL YTD
% change in reported RASK
(incl. FX)
% change in underlying RASK
(excl. FX)
24 May 2019

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Operating statistics table



GroupFINANCIAL YTD
20192018
% *
20192018
% *
Passengers carried (000)1,4311,3843.4%
14,881
14,2564.4%
Revenue Passenger Kilometres(m)3,062
2,9334.4%
32,465
30,8355.3%
Available Seat Kilometres (m)
3,5603,476
2.4%
38,73537,1034.4%
Passenger Load Factor (%)
86.0%84.4%
1.6 pts
83.8%83.1%0.7 pts
Short Haul TotalFINANCIAL YTD
20192018
% *
20192018
% *
Passengers carried (000)1,2561,2232.7%13,052
12,5034.4%
Revenue Passenger Kilometres(m)1,349
1,350
(0.0%)14,499
13,6945.9%
Available Seat Kilometres (m)
1,6101,594
1.0%17,533
16,6095.6%
Passenger Load Factor (%)
83.8%
84.6%(0.8 pts)
82.7%82.4%0.3 pts
Domestic
FINANCIAL YTD
2019
2018% *
20192018
% *
Passengers carried (000)
941914
3.0%9,634
9,3063.5%
Revenue Passenger Kilometres(m)490
4753.1%5,0134,820
4.0%
Available Seat Kilometres (m)555
5402.7%
5,9775,7863.3%
Passenger Load Factor (%)
88.2%87.8%0.4 pts83.9%
83.3%0.6 pts
Tasman / PacificFINANCIAL YTD
2019
2018% *2019
2018
% *
Passengers carried (000)3153091.8%
3,4193,1976.9%
Revenue Passenger Kilometres(m)860
875(1.7%)9,486
8,8746.9%
Available Seat Kilometres (m)
1,0551,054
0.1%11,55610,8236.8%
Passenger Load Factor (%)81.5%
83.0%
(1.5 pts)82.1%
82.0%0.1 pts
Long Haul TotalFINANCIAL YTD
20192018
% *20192018
% *
Passengers carried (000)
175161
8.9%1,8291,7534.3%
Revenue Passenger Kilometres(m)1,7131,5838.2%17,966
17,141
4.8%
Available Seat Kilometres (m)
1,9501,8823.6%
21,20220,4943.5%
Passenger Load Factor (%)87.9%
84.1%3.8 pts84.7%83.6%1.1 pts
Asia / Japan / SingaporeFINANCIAL YTD
20192018% *2019
2018% *
Passengers carried (000)816426.7%
7627186.0%
Revenue Passenger Kilometres(m)71757025.7%
6,7886,4085.9%
Available Seat Kilometres (m)804
66221.4%8,028
7,8272.6%
Passenger Load Factor (%)89.2%86.2%3.0 pts84.6%
81.9%2.7 pts
Americas / UKFINANCIAL YTD
20192018% *20192018% *
Passengers carried (000)9597(2.8%)1,067
1,0353.1%
Revenue Passenger Kilometres(m)9961,013(1.6%)11,17710,7334.1%
Available Seat Kilometres (m)1,1461,220(6.0%)13,17412,6674.0%
Passenger Load Factor (%)86.9%83.1%3.8 pts84.8%84.7%0.1 pts
AP R I L
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Air New Zealand operates primarily in one segment, its primary business being the transportation of passengers and cargo on an
integrated network of scheduled airline services to, from and within New Zealand. The following operational data and statistics is
additional supplementary information only.
* % change is based on numbers prior to rounding

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Market announcements
(during the period 1 May 2019 to 23 May 2019)

Air New Zealand 2019 Investor Day Notification and Webcast Details 15 May 2019

Air New Zealand will hold an investor day for institutional shareholders on Monday 27 May 2019 in
Auckland, beginning at 1:30pm NZST. A slide presentation will be released to the market prior to
the start of the event.

The investor day event will be accessible live via webcast. For a link to the webcast, please
click
here.

A replay of the webcast will be made accessible through the Investor Centre section of Air New
Zealand's website approximately 24 hours after the event, under the “Latest events” section. A link
to the Air New Zealand Investor Centre can be found here
.

There will not be a conference call line available.


Media Releases
(during the period 1 May 2019 to 23 May 2019)

Air New Zealand and ChristchurchNZ show support for the city 16 May 2019
with new campaign

Air New Zealand and ChristchurchNZ have launched a campaign inspiring New Zealanders to visit
Christchurch.

‘Christchurch. Explore something new.’ has been launched along with the support of
ChristchurchNZ after the airline and city agencies signed a Memorandum of Understanding in
September 2018 committing to exploring joint marketing activity, enhanced freight and passenger
capacity, and signature events.

The large consumer campaign will showcase all the new experiences Christchurch has on offer. It
will include an online video featuring stunning imagery of the city and its new tourist offerings and a
fun online game to be launched where people can be in to win a trip for four to Christchurch from
anywhere in New Zealand and daily prizes of 100 Airpoints Dollars™. The city also features in the
airline’s latest ‘Where to Next?’ campaign which includes a TV advertisement highlighting the best
of the region.

Air New Zealand General Manager Market Development and Retail Sales Annabelle Fowler says
the campaign is all about supercharging tourism to Christchurch.

“Christchurch is building new experiences at a phenomenal rate. New bars, restaurants and
artworks are going up quicker than anywhere else in New Zealand. And of course, we can’t forget
the classic Christchurch either – even some of the Christchurch classics are new for some Kiwis.

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“Christchurch residents are reshaping the city in an exciting way and we want to encourage New
Zealanders to check it out. As well as being a fantastic destination in its own right, the city is also
an important hub for exploring the Canterbury region.”

ChristchurchNZ Chief Executive Officer Joanna Norris says ChristchurchNZ has loved working with
Air New Zealand to help reintroduce Christchurch to Kiwis.


Air New Zealand opens triple sized Tauranga check-in 16 May 2019

Air New Zealand has opened a new check-in area at Tauranga Airport which is almost triple the
size of the previous space.

The airline has worked closely with the airport on its terminal redevelopment programme over the
past 24 months.

This has included revamping its front of house space at the airport which features six new self-
service check-in kiosks, three self-service bag drops, a new premium check-in area, as well as a
new counter for customers travelling with oversize luggage. There’s also a new dedicated Air New
Zealand cargo office at the airport.

Air New Zealand Head of Regional Affairs & Tourism Reuben Levermore says that the
new space will help improve the check-in experience for customers flying out of Tauranga.

“Tauranga is an important port on our domestic network and demand for flights into and out of the
region continues to strengthen, from both business and leisure travellers.

The redevelopment of Tauranga Airport has also enabled Air New Zealand to expand its regional
lounge at the airport with the new space opening in December 2018. It caters for around 90
customers, nearly double the seating previously available. The lounge also offers different zones
to meet customer needs, including a café, buffet offering light refreshments, a self-service drinks
station, and a mix of business, lounge and quiet seating areas.


Air New Zealand and customers contribute $1 million 2 May 2019
to native forestry offsets

Air New Zealand and its customers have purchased more than NZD$1 million worth of carbon
offsets from permanent New Zealand native forestry projects through the airline’s voluntary carbon
offsetting programme, FlyNeutral.

The programme re-launched in late 2016 and gives the airline’s customers the option to offset the
carbon emissions associated with their flights when booking online. The funds collected all go
directly towards the purchase of certified carbon credits, which help to remove carbon from the
atmosphere.

Air New Zealand Head of Sustainability Lisa Daniell says she is pleased the airline has been able
to provide a platform for customers to take greater responsibility for offsetting carbon emissions as
well as support afforestation in New Zealand.

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“We’re delighted to see the programme reach this first milestone with the support of our customers.
Climate change is an urgent global issue, and as an airline we know we must play our part in finding
solutions. Providing our customers with an easy way to offset the carbon emissions associated with
air travel is one way to do this.

Permanent Forests NZ Partner Ollie Belton says Air New Zealand’s FlyNeutral programme is
helping to create a stronger market for permanent native forestry and building greater understanding
about the importance of creating a better New Zealand for future generations.

“The native forestry projects selected for use within the FlyNeutral portfolio represent premium
carbon offsets that in addition to helping reduce climate change impacts, can improve conservation
and also enhance community and recreational reserves due to their permanency. It has been great
to work with Air New Zealand and landowners to be able to profile and support these projects.”

The airline’s FlyNeutral voluntary carbon offsetting programme goes above and beyond regulatory
obligations for carbon emissions under the New Zealand Emissions Trading Scheme, which Air
New Zealand itself meets.

Since 2018 Air New Zealand’s corporate and government customers have also been able to offset
their carbon emissions under the programme. The airline also offsets emissions on behalf of its
employees travelling for work.