Air New Zealand yields continue to suffer in Oct-2009

Air New Zealand's yields continued to suffer in Oct-2009, with Group yields down 11.5% in the month and yields, excluding exchange rate effects, falling 12.4%. This represents a worsening from Sep-2009 levels - Group yields were down 8.6% and ex-exchange effects yields down 10.4% in Sep-2009 - and partly reflects New Zealand's Spring School Holiday Period falling between 26-Sep-2009 and 11-Oct-2009.