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Air New Zealand Limited reports higher passenger numbers

Credit: Woodys Aeroimages

Air New Zealand Limited (ASX: AIZ) is New Zealand’s main airline and flies over 15 million passengers a year.

Today, the monthly investor update was released for February 2018. Notable statistics from the release compared to the prior corresponding period include:

  • February 2018 total passenger growth of 5.3%
  • Year to date (YTD) total passenger growth of 5.5%
  • February 2018 total revenue passenger kilometres growth of 6.3%

This growth was driven by Tasman/Pacific passenger growth for February 2018 of 8.3% and revenue passenger kilometres growth of 8.6%. Americas/UK growth was also a highlight with passengers carried for February 2018 increasing by 8% and revenue passenger kilometres growth of 7.5%.

Air New Zealand reported passenger growth across the board which should be pleasing to shareholders. In the recent 2018 interim result management said it is on track for the second highest profit in company history.

The Air New Zealand share price is up 0.64% to $3.14 at the time of writing.

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Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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