Air New Zealand Investor Update (Op Stats) – October 2020

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Contents
• October 2020 traffic highlights
• Operating statistics table
• Recent market announcements and media releases




October 2020 highlights














Group traffic summary
20202019% *20212020% * +
Passengers carried (000)6901,396(50.6%)2,4325,816(59.9%)
Revenue Passenger Kilometres(m)4423,041(85.5%)1,68012,959(87.6%)
Available Seat Kilometres (m)7443,582(79.2%)3,35315,375(79.1%)
Passenger Load Factor (%)59.4%84.9%(25.5 pts)50.1%84.3%(34.2 pts)
Ye a r-to-da te RASK
1
Group24.8% 24.5%
Short Haul25.4% 25.2%
Long Haul(27.8%)(28.6%)
OCTOBER
% change in reported RASK
(incl. FX)
% change in underlying RASK
(excl. FX)
FINANCIAL YTD
+ The year to date percentage movements have b een adjusted on a daily weighted average b asis. The adjustment takes into
account the difference in days for the accounting month of July 2019 (28 days) compared with July 2020 (33 days). This is
b ecause Air New Zealand operates on a 4,4,5 accounting calendar b ut closes the annual accounts on 30 June.
* % change is b ased on numb ers prior to rounding.
1 Reported RASK (unit passenger revenue per availab le seat kilometre) is inclusive of foreign currency impact, and underlying RASK
excludes foreign currency impact.
Please note that the availab le seat kilometre (capacity) numb ers included in the tab les within this disclosure do not include any cargo-only
flights. This is b ecause these capacity numb ers are used to calculate passenger load factors and passenger RASK
27 November 2020

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Operating statistics table



GroupOCTOBERFINANCIAL YTD
20202019% *20212020% *+
Passengers carried (000)6901,396(50.6%)2,4325,816(59.9%)
Revenue Passenger Kilometres(m)4423,041(85.5%)1,68012,959(87.6%)
Available Seat Kilometres (m)7443,582(79.2%)3,35315,375(79.1%)
Passenger Load Factor (%)59.4%84.9%(25.5 pts)50.1%84.3%(34.2 pts)
Short Haul TotalOCTOBERFINANCIAL YTD
20202019% *20212020% *+
Passengers carried (000)6841,224(44.2%)2,3995,088(54.8%)
Revenue Passenger Kilometres(m)3751,362(72.4%)1,3525,824(77.7%)
Available Seat Kilometres (m)5501,602(65.7%)2,1337,005(70.8%)
Passenger Load Factor (%)68.2%85.0%(16.8 pts)63.4%83.1%(19.7 pts)
DomesticOCTOBERFINANCIAL YTD
20202019% *20212020% *+
Passengers carried (000)672898(25.2%)2,3513,689(38.8%)
Revenue Passenger Kilometres(m)349455(23.3%)1,2441,877(36.4%)
Available Seat Kilometres (m)443523(15.2%)1,6882,227(27.2%)
Passenger Load Factor (%)78.8%87.1%(8.3 pts)73.7%84.3%(10.6 pts)
Tasman / PacificOCTOBERFINANCIAL YTD
20202019% *20212020% *+
Passengers carried (000)12327(96.4%)481,399(96.7%)
Revenue Passenger Kilometres(m)26906(97.1%)1083,946(97.4%)
Available Seat Kilometres (m)1071,079(90.1%)4454,779(91.1%)
Passenger Load Factor (%)24.5%84.0%(59.5 pts)24.3%82.6%(58.3 pts)
Long Haul TotalOCTOBERFINANCIAL YTD
20202019% *20212020% *+
Passengers carried (000)7172(96.0%)33728(95.6%)
Revenue Passenger Kilometres(m)671,679(96.0%)3287,135(95.6%)
Available Seat Kilometres (m)1941,979(90.2%)1,2208,369(86.0%)
Passenger Load Factor (%)34.3%84.8%(50.5 pts)26.9%85.3%(58.4 pts)
Asia / Japan / Singapore +OCTOBERFINANCIAL YTD
20202019% *20212020% *+
Passengers carried (000)479(95.2%)17317(94.8%)
Revenue Passenger Kilometres(m)35696(95.0%)1592,806(94.5%)
Available Seat Kilometres (m)139791(82.5%)5823,320(83.2%)
Passenger Load Factor (%)25.1%87.9%(62.8 pts)27.4%84.5%(57.1 pts)
Americas / UKOCTOBERFINANCIAL YTD
20202019% *20212020% *+
Passengers carried (000)393(96.7%)16411(96.2%)
Revenue Passenger Kilometres(m)32983(96.8%)1684,329(96.3%)
Available Seat Kilometres (m)551,188(95.3%)6385,049(87.9%)
Passenger Load Factor (%)57.3%82.7%(25.4 pts)26.4%85.7%(59.3 pts)
* % change is based on numbers prior to rounding
+ The year to date percentage movements have been adjusted on a daily weighted average basis. The adjustment takes into account the
difference in days for the accounting month of July 2019 (28 days) compared with July 2020 (33 days). This is because Air New Zealand operates
on a 4,4,5 accounting calendar but closes the annual accounts on 30 June.
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.

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Market Announcements
(during the period 2 Novem ber to 2 6 Novem ber 2020)

Air New Zealand appoints its next Chief Financial Officer 12 November 2020
Air New Zealand has appointed Richard Thomson as its next Chief Financial Officer.
Mr Thomson is a former Air New Zealander and has been Chief Financial Officer of publicly-listed Metlifecare
for the past three years where he has closely been involved in its recent acquisition by APVG.
“Richard is an exceptionally well-respected Executive, with a proven track record as a listed company CFO
and is regarded as an outstanding leader with in-depth airline knowledge and experience. He is highly
regarded in Air New Zealand after holding a series of senior commercial and finance roles between 2004-17.
His understanding of the domestic and international aviation markets will be critical as we seize upon the
opportunities that will emerge when borders begin to reopen,” says Chief Executive Officer Greg Foran.
Mr Thomson holds Bachelor of Commerce and Bachelor of Law (Hons) qualifications from the University of
Canterbury and maintains a license as a private pilot. He is expected to take up his appointment with Air New
Zealand in early 2021 once he has completed his contractual obligations with Metlifecare.
The airline’s current Chief Financial Officer, Jeff McDowall, will undertake a structured transition with Mr
Thomson and as previously announced he will leave the airline after the completion of the equity raise in the
first half of next year.
This announcement is made pursuant to Listing Rule 3.20.1

Air New Zealand releases 2020 Sustainability Report 2 November 2020

Air New Zealand is pleased to release its 2020 Sustainability Report. Air New Zealand published its first
sustainability report in 2015 and we continue to report annually on our sustainability performance and
challenges.


Media Releases
(during the period 2 Novem ber to 2 6 Novem ber 2020)

Air New Zealand gives away 20,000 Airpoints Dollars to 19 November 2020
spread Christmas joy to Kiwis

Air New Zealand’s new Christmas video, ‘Twas the Flight Before Christmas, comes with a chance for 20 lucky
Kiwis to win 1,000 Airpoints Dollars™ each.

Shot on location at the 14
th
Ave Dairy in Tauranga, ‘Twas the Flight Before Christmas sees Santa Claus and
Air New Zealand teaming up to surprise some lucky families with a magical plane ride and the gift of free
flights to visit loved ones anywhere in Aotearoa this Christmas.

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Air New Zealand’s Chief Customer and Sales Officer Leanne Geraghty says as part of the Christmas
campaign, New Zealanders can nominate someone they think deserves to win Airpoints Dollars this
Christmas by visiting the Air New Zealand Facebook page
.

“It’s about thanking Kiwis for their support this year by doing what we do best as an airline – connecting people
with their loved ones. All the families in the video actually received their Christmas flights, and we’ve extended
this by offering the chance for 20 deserving New Zealanders around the country to win 1,000 Airpoints Dollars
each. What’s great is that Airpoints Dollars don’t have to be spent on flights – they can also be used to buy
gifts, experiences for families to share, or put towards DIY projects through our Airpoints partners or Airpoints
Store.

“You have to get quite creative to deliver a campaign like this with less, and we’ve pulled out all the stops to
achieve this – including bringing the ‘Sleigh320’ toy plane featured in the video out of storage to be upcycled
and repurposed as a magical prop to surprise unsuspecting locals. Though this year’s video was made on a
significantly smaller budget than our previous festive campaigns, the focus remains squarely on spreading
Christmas cheer and magic.”

To view Air New Zealand’s ‘Twas the Flight Before Christmas click here
.


Air New Zealand’s World Premiere in the Air with Kiwi band SIX60 takes off 14 November 2020

Air New Zealand’s World Premiere in the Air has departed Auckland Airport carrying popular Kiwi
band SIX60 and a planeload of fans to the band’s birthplace of Dunedin. The dedicated flight,
specially numbered NZ660, will air the world premiere of a new film by Julia Parnell entitled SIX60:
Till the Lights Go Out.

Customers travelling on the themed flight were treated to a surprise performance by SIX60 at the
gate lounge in Auckland and are the very first in the world to see the film alongside the band
themselves, who are also travelling on the service.

Air New Zealand’s Chief Customer and Sales Officer Leanne Geraghty says the airline is thrilled to
host the world premiere of the film inflight.

“We’re so excited to be operating this special flight to premiere the film, celebrate SIX60’s
phenomenal success, and acknowledge our customers for their support throughout this year. The
fact that tickets sold out in just seven hours is a reflection of the band’s popularity and how proud
we are of them as Kiwis.

“We specifically built the package around a one-way ticket to Dunedin as a way of supporting
tourism to the city and the region. Our larger A321neo aircraft is operating this service, and we
expect the full flight will help boost local business and tourism over the weekend.”

SIX60’s Matiu Walters says, “We love new challenges and are always trying to push new boundaries
in SIX60, so we are so stoked to be hosting the very first World Premiere in the Air. To be able to
have the opportunity to fly alongside a planeload of fans back to Dunedin where it all began for us
feels really special. This is the first time fans will be able to check out SIX60: Till The Lights Go Out,
so it definitely feels like a day of firsts!”

SIX60 will be greeted at Dunedin Airport with a special performance by band Loose & Colourful,
who won the chance to perform through a local radio competition.

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Dunedin Airport GM Business Development Megan Crawford says the event has been a great
promotion to be part of for both Dunedin Airport and the city.

“We appreciate this wonderful opportunity that Air New Zealand and Universal Music have provided
us, not only to promote our city but also to involve our community. The collaboration between the
teams at NZME, Enterprise Dunedin, Air New Zealand and Universal Music have enabled us to put
together what we hope will be a wonderful experience for the passengers on this special flight.”

SIX60: Till The Lights Go Out produced by Notable Pictures in association with the New Zealand
Film Commission and NZ On Air is in cinemas nationwide from 26 November 2020.