Air NZ's passenger revenue falls
Passenger revenue in the first 6 months of Air NZ's financial year has fallen sharply, even when the impact of foreign exchange fluctuations are eliminated. The airline said for the financial year to date, short haul passenger revenue through its preferred metric had fallen 6.3%, while long-haul passenger revenue had slumped 14.3%. Air NZ's preferred metric is passenger revenue divided by the total capacity for the period or RASK. When foreign exchange is eliminated, group-wide RASK fell 9.3%, while yields fell 7.9%. For the month of December, Air NZ flew 1.59m people, an increase of 5.4% on the year earlier, although its aircraft weren't as full as a year earlier, with 83.5% of all seats sold, down 1.5% Dec 2015. This was mainly due to a fall in sales on flights to Asia, Japan and Singapore. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-01-26/star/air-nzs-passenger-revenue-falls
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Air NZ's passenger revenue falls
Passenger revenue in the first 6 months of Air NZ's financial year has fallen sharply, even when the impact of foreign exchange fluctuations are eliminated. The airline said for the financial year to date, short haul passenger revenue through its preferred metric had fallen 6.3%, while long-haul passenger revenue had slumped 14.3%. Air NZ's preferred metric is passenger revenue divided by the total capacity for the period or RASK. When foreign exchange is eliminated, group-wide RASK fell 9.3%, while yields fell 7.9%. For the month of December, Air NZ flew 1.59m people, an increase of 5.4% on the year earlier, although its aircraft weren't as full as a year earlier, with 83.5% of all seats sold, down 1.5% Dec 2015. This was mainly due to a fall in sales on flights to Asia, Japan and Singapore. <br/>
