Air New Zealand reports weak May traffic, mixed yields

Air New Zealand reported traffic rose just 1% in May-2011, as the Christchurch and Japan earthquakes significantly hit its long-haul passenger numbers, as has been the case in the preceding few months. Shares in Air New Zealand were up 0.9% yesterday, on a generally positive day of trading for Asia Pacific airline shares. Chinese and Indian carriers were up, while Skywest Australia jumped 5.7%.