Air New Zealand reports forward booking forecasts ‘stable’ across most markets

    Air New Zealand announced (22-Aug-2019) its current forward booking forecasts support stable demand across most markets, however the company remains cautious about the economic environment. Details include:

    • Domestic: Slight improvement on 2H2019 with strong RASK growth expected;
    • Tasman: Increased competitive activity on some sectors;
    • Pacific Islands: Similar to 2H2019 with reduced market capacity due to competitor Boeing 737 MAX issues;
    • Asia: Similar to 2H2019 with solid performance on second daily Singapore service and Taipei offsetting China softness;
    • Americas/Europe: Softer Q1 as outbound traffic impacted by weaker FX, peak season bookings showing good momentum;
    • Cargo: Similar to 2H2019 with challenged global freight industry.