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Wednesday 17th June 2009 |
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Air New Zealand’s long-haul passenger volumes continued to slide in May, led by a 19% decline in numbers on routes through Asia, Japan and the UK, reflecting the global economic slump and fears about swine flu.
The national carrier’s long-haul passenger numbers fell 13.7% last month and are 8.7% lower in the financial year-to-date, the company said in a statement today. Short-haul fell 9.3%, bringing the decline in total passengers carried to 9.9%.
The company said it continues to monitor the spread of the H1N1 flu virus, known as swine flu. New Zealand was one of the first countries it appeared after the outbreak in Mexico and the nation now has 117 confirmed cases.
The airline has reduced capacity in response to the downturn and as a result lifted its load factor by 2.2 points to 75.7%. In the year to date, the load factor eased by 0.5 point to 79%.
Shares in the carrier fell 1% to $1 and have gained 9% so far this year.
Businesswire.co.nz
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