Air New Zealand’s yields pick up in Dec-2009, but remain in negative territory

Air New Zealand handled 2.6% fewer passengers in Dec-2009, as the carrier slashed capacity (ASKs) by 11.0% and demand (measured by RPKs) fell 5.6%, increasing Group load factors by a notable 4.8 ppts. Group yields last month fell 5.2% year-on-year (the smallest fall since Jun-2009), compared to a financial year-to-date (six months to Dec-2009) reduction of 9.7%, indicating some improvements are being seen by the carrier.