Air New Zealand Investor Update (Op Stats) – April 2025

1


Contents
• April 2025 traffic highlights and commentary
• Operating statistics table
• Recent media releases


April 2025 Commentary
• Group capacity was down 2.2% in April compared to the same month last year. Long Haul
ASKs decreased 2.3%, Domestic ASKs decreased 3.8%, and Short Haul international ASKs
decreased 1.1% compared to last year. Capacity reductions in both the month and YTD
periods are driven by reduced aircraft availability from global additional engine maintenance
requirements.
• Group YTD underlying RASK improved 1.7% compared to the prior year.
• Short Haul YTD RASK, which includes the Domestic, Tasman and Pacific islands networks
declined 0.2% compared to last year, driven by lower Domestic demand.
• Long-haul YTD RASK improved by 2.9% compared to last year.












30 May 2025

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April 2025 highlights










Group traffic summaryAPRILFINANCIAL YTD
FY25FY24
%
1, 2
20252024
%
1, 2
Passengers carried (000)1,2251,280(4.3%)13,34413,866(3.1%)
Revenue Passenger Kilometres(m)2,683
2,696(0.4%)
28,22028,810(1.4%)
Available Seat Kilometres (m)3,1983,270(2.2%)
33,76035,219(3.5%)
Passenger Load Factor (%)83.9%82.4%
1.5 pts
83.6%81.8%1.8 pts
Year-to-date RASK
3
vs 2024
vs 2024
Gro up2.0%1.7%
Sho rt Haul
0.1%(0.2%)
Long Haul3.1%2.9%
% change in reported RASK
(incl. FX)
% change in reported RASK
(excl. FX)
3
Reported RASK (unit passenger revenue per available seat kilometre) is inclusive of foreign currency impact, and underlying
RASK excludes foreign currency impact.
1
% change is based on numbers prior to rounding
2
The 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 2023 (30 days) compared with July 2024 (28 days) and June 2024 (35 days) compared with June
2025 (36 days). This is because Air New Zealand operates on a 4,4,5 accounting calendar but closes the annual accounts on 30 June.

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Operating statistics table


GroupAPRILFINANCIAL YTD
FY25FY24
%
1, 2
20252024
%
1, 2
Passengers carried (000)1,2251,280(4.3%)13,34413,866(3.1%)
Revenue Passenger Kilometres(m)2,6832,696(0.4%)28,22028,810(1.4%)
Available Seat Kilometres (m)3,1983,270(2.2%)33,76035,219(3.5%)
Passenger Load Factor (%)83.9%82.4%1.5 pts83.6%81.8%1.8 pts
Short Haul T otalAPRILFINANCIAL YTD
FY25FY24
%
1, 2
20252024
%
1, 2
Passengers carried (000)1,0681,123(4.9%)11,74312,257(3.6%)
Revenue Passenger Kilometres(m)1,1931,197(0.3%)12,89612,9770.0%
Available Seat Kilometres (m)1,3781,407(2.1%)15,04315,305(1.1%)
Passenger Load Factor (%)86.6%85.0%1.6 pts85.7%84.8%0.9 pts
DomesticAPRILFINANCIAL YTD
FY25FY24
%
1, 2
20252024
%
1, 2
Passengers carried (000)774828(6.5%)8,5269,051(5.2%)
Revenue Passenger Kilometres(m)411433(5.1%)4,4794,723(4.5%)
Available Seat Kilometres (m)497517(3.8%)5,3605,543(2.7%)
Passenger Load Factor (%)82.6%83.7%(1.1 pts)83.6%85.2%(1.6 pts)
Tasman / PacificAPRILFINANCIAL YTD
FY25FY24
%
1, 2
20252024
%
1, 2
Passengers carried (000)294295(0.3%)3,2173,2061.0%
Revenue Passenger Kilometres(m)
7827642.4%8,4178,2542.7%
Available Seat Kilometres (m)881890(1.1%)9,6839,762(0.2%)
Passenger Load Factor (%)88.8%85.8%3.0 pts86.9%84.6%2.3 pts
Long Haul T otalAPRILFINANCIAL YTD
FY25FY24
%
1, 2
20252024
%
1, 2
Passengers carried (000)1571570.4%1,6011,6090.2%
Revenue Passenger Kilometres(m)1,4901,499(0.5%)15,32415,833(2.6%)
Available Seat Kilometres (m)1,8201,863(2.3%)18,71719,914(5.4%)
Passenger Load Factor (%)81.9%80.4%1.5 pts81.9%79.5%2.4 pts
AsiaAPRILFINANCIAL YTD
FY25FY24
%
1, 2
20252024
%
1, 2
Passengers carried (000)95896.9%9128478.4%
Revenue Passenger Kilometres(m)
8097596.6%7,8617,4506.2%
Available Seat Kilometres (m)9489311.8%9,4698,9326.7%
Passenger Load Factor (%)85.4%81.5%3.9 pts83.0%83.4%(0.4 pts)
Americas APRILFINANCIAL YTD
FY25FY24
%
1, 2
20252024
%
1, 2
Passengers carried (000)6268(8.0%)689762(9.0%)
Revenue Passenger Kilometres(m)681740(7.9%)7,4638,383(10.4%)
Available Seat Kilometres (m)872932(6.5%)9,24810,982(15.2%)
Passenger Load Factor (%)78.2%79.3%(1.1 pts)80.7%76.3%4.4 pts
1
% change is based on numbers prior to rounding
2
The 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 2023 (30 days) compared with July 2024 (28 days) and June 2024 (35 days) compared with June 2025 (36 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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Media Releases
(during the period 7 May 2025 to 29 May 2025)

Air New Zealand strengthens regional links with domestic 27 May 2025
jet service for Hamilton
Air New Zealand is boosting regional connectivity, with jet services to be introduced on the Hamilton–
Christchurch route.
From 18 September, select services between the two cities will be operated by a 171-seat Airbus A320,
marking a major milestone as Air New Zealand brings domestic jet services back to Hamilton for the first
time in 25 years.
These flights will operate alongside the airline's ATR 72 turboprop services, maintaining choice for
customers throughout the day while adding approximately 25,000 seats a year on the route.
Air New Zealand Chief Executive Officer Greg Foran says the introduction of jet services reflects the
airline's focus on building connectivity, particularly between the North and South Islands, and supporting
growth where there is clearly established demand.
"Hamilton–Christchurch is one of our strongest and fastest-growing regional routes, and the addition of
jet services reflects that increasing demand. It offers customers more choice and more seats," Foran
says.
"The A320 will provide more seats at key travel times, particularly for business and leisure travellers and
those with onward connections, while our ATR aircraft remain a vital part of the schedule, giving
customers flexibility across the day.
"Whether customers are travelling for business, events, or to explore the stunning South Island, they'll
benefit from the convenience this jet service provides."
Two ATR aircraft replaced by jets on the route will be redeployed across the regional network, adding
resilience and supporting capacity into the broader schedule.
Foran says the move represents more than just a new aircraft on a route.
"This marks the second introduction of a jet on a regional route, building on the success of the
Invercargill–Auckland jet service launch in 2019. For us, growth is about creating greater access for
communities, supporting tourism and trade, and helping New Zealanders thrive. That's a responsibility
we carry with pride - and with a clear plan to deliver on."
Waikato Regional Airport Chief Executive Mark Morgan says the return of a domestic jet service is
another string to the region's bow.
"This is fantastic news for Waikato, and a real vote of confidence in the strength of Hamilton as a regional
hub. We're delighted to work alongside Air New Zealand to introduce a jet service to connect our
community to the South Island - it's a great outcome for the wider region."

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Every corner counts: Air New Zealand invests $1.2 million to 15 May 2025
support over 100 community nature projects
From Te Kao in the Far North to Tuatapere in the Deep South, grassroots environmental champions
across Aotearoa are getting a boost from Air New Zealand, with the recipients of its Every Corner Project
funding announced.
Launched with an initial $1 million investment from the airline’s Climate and Nature Fund, the Every
Corner Project aims to support nature-based initiatives in every region – ensuring no corner of New
Zealand is left behind in the effort to restore and regenerate our natural environment.
More than 640 applications were received from registered charities, schools/kura and hapū. The calibre
of applications was so impressive that the airline increased its contribution to $1.2 million.
In total, 115 projects have been selected, spanning a wide range of locations and communities –
including the Chatham Islands – highlighting the depth and diversity of environmental action underway
across Aotearoa. Projects selected include native planting, wetland restoration, establishing rainwater
harvesting systems, building community compost hubs, and installing predator control networks to
protect threatened plant and animal species.
Air New Zealand Chief Sustainability and Corporate Affairs Officer Kiri Hannifin says the level of
response has been nothing short of inspiring.
“New Zealand is intrinsically linked to and reliant on nature, whether that’s for economic, tourism or trade
reasons, or simply because we enjoy being in nature and the outdoors. We all have a part to play, and
it’s been humbling to see just how many New Zealanders are working tirelessly to protect and enhance
the things that make our natural environment here so unique.”
The airline’s domestic port teams – Air New Zealanders who know their communities best – were tasked
with reviewing and selecting the successful projects for their areas.
“Our people have loved reading the applications and seeing the passion and care for nature in their local
areas. They were very proud to select the projects for their own communities, and I know they will watch
their success with great enjoyment,” Hannifin says.
“Air New Zealand is committed to reducing our own carbon footprint, but we also want to uplift the
inspiring work already underway across Aotearoa. This project is about backing local communities, and
we’re proud to help bring these initiatives to life. Our sincere thanks to the thousands of people across
our country caring for nature.”
Funding will be distributed by the end of June, with projects set to begin within the next 12 months. See
the full list of successful organisations here.