Air New Zealand Limited (ANZFF) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Air New Zealand has experienced a decrease in capacity across all flight segments in August 2024, with a 7.0% reduction compared to the previous year due to limited aircraft availability. Revenue metrics also saw a decline, with a 2.2% drop in year-to-date underlying revenue per available seat kilometer (RASK), influenced by lower domestic demand and intense competition on North American routes. Despite these challenges, the passenger load factor slightly increased, indicating a more efficient utilization of the available seating capacity.
For further insights into ANZFF stock, check out TipRanks’ Stock Analysis page.