Air New Zealand yields stabilise in Sep-2009, domestic fare restructuring announced

The rapid deterioration in Air New Zealand's yields over the past six months appears to have stabilised in Sep-2009, after bottoming out in Jul/Aug-2009, with Group yields down 8.6% in the month, following contractions of 11.0% and 11.3% in the previous two months. Yields, excluding exchange rate effects, fell 10.4% year-on-year last month, following reductions of 14.1% and 15.1% in Aug-2009 and Jul-2009, respectively. Is this the start of a recovery, or a pause in a downward spiral?