Air New Zealand (NZX:AIR) to increase flight capacities ahead of Waitangi Day

Summary

  • Air New Zealand to add several seats on domestic flights over the iconic Waitangi Day weekend.
  • With the aim of keeping the country well connected, there are going to be 76 one-way flights introduce das part of the ‘upgauging’ programme.
  • Last month, the Company fared well owing to an increased capacity flights, helping people reach their respective destinations.

It has been revealed that Air New Zealand (NZX:AIR) is to add an extra 7300 domestic vertical seats over the period of 6th and 7th February, owing to the Waitangi Day weekend.

There will be an introduction of 76 one-way flights, as part of the ‘upgauging’ programme that will mean A320s instead of ATRs.

The routes that these additional capacity flights will operate between are Christchurch, Dunedin, Kerikeri, Tauranga, Napier, Queenstown, Wellington, Whangarei, Auckland and so on.

It has further been stated that there is going to be the introduction of as many as 1110 extra seats in just Auckland-Whangarei and Auckland Kerikeri route, respectively.

Growing domestic networks

Leanne Geraghty, Chief Custom and Sales officer for Air New Zealand revealed that AIR is witnessing strong growth in the demand on the domestic network and they are happy to be able to put in more flying options in this route, especially to the destinations like Whangarei and Kerikeri.

There has been the introduction of capacity wherever possible and they are pleased to be able to keep New Zealand well connected. She further stated that they also wish to offer bargain flights for people so that more and more people can choose air travel easily.

The airline stated that for people who are looking to travel for less, they must try booking flights at different hours than the usual ones, as they tend to be cheaper.

Holiday rush

It was reported last year, how Air New Zealand had switched to bigger carriers in order to be able to accommodate more people during the holiday season. There was an estimated addition of as many as 16000 seats over the course of a week.

Specifically speaking, 25% of the services between Auckland and Christchurch, as well as 80% services between Auckland and Wellington were functioning with the A321 that have a seating capacity of 214, which is substantially more than the 171- seater, A320.

In all, there were 2,600 flights operating before Christmas that helped 1,70,000 people reach their respective destinations, bringing respite to the airline’s business that had taken a hit over the course of the year.

Stock Performance

On 25 January 2021, Air New Zealand last traded at NZ$1.65, down by 3.51%.

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