Air New Zealand Faces Capacity Cut and Mixed RASK

Air New Zealand Limited (ANZFF) has released an update.

Air New Zealand Limited reported a reduction in group capacity by 8% in July 2024 compared to the previous year, with a notable 12% decrease in long-haul international flights, primarily due to aircraft availability constraints. Year-to-date revenue per available seat kilometer (RASK) declined by 0.7%, with short-haul routes witnessing a 4.4% drop, attributed to lower domestic demand despite last year’s boost from the FIFA Woman’s World Cup. However, long-haul RASK saw a marginal improvement of 1.0%, with some Asian routes performing better despite continued competitive pressure on North American services.

For further insights into ANZFF stock, check out TipRanks’ Stock Analysis page.