Roger, you might be able to help here....
What is the split of revenue between domestic and international flights? Had a quick look through the half-year docs but didn't see it.
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Roger, you might be able to help here....
What is the split of revenue between domestic and international flights? Had a quick look through the half-year docs but didn't see it.
Thanks for asking what is a good question and you are right it doesn't appear they provide this analysis in the financial statements.
Looking through the analysts presentation however they disclosed they flew 2,465m RPK's domestically for an average yield of 27.5 cents per RPK which gives total sales of $677.9m.
Total passenger sales for the half year were $2.3b, (total sales incl freight and other were $2.698b).
Therefore domestic passenger revenue was 29.5% of total pax revenue and 25.1% of total revenue for the most recent half year.
Interestingly, $1.597b of the total revenue of $2.698b (59%) originated from N.Z. sales so us Kiwi's are a fairly parochial bunch as I may have suggested previously.
Hope that analysis helps with you thinking mate.
Interestingly just as an aside, its no wonder AIR are ordering heaps of the ATR600 aircraft as a pilot told me it costs very little extra to fly a sector with these 68 seater aircraft than it does with the 19 seat Beech 1900D's they're discontinuing shortly. Talk about a difference in seat mile costs ! Apparently the ATR600's are a really good bean counters aircraft :)
Its also interesting to note that the ATRs are now flying slower, presumably to reduce fuel consumption and general wear and tear. Auckland to Palmerston North a few years ago was advertised as 1 hour, then until a year or so ago it was 65 minutes, now its 70 minutes. Not really enough to make any significant difference to the average traveller but it does give some padding if the flight departs late (easy to speed up a bit and get there on time) and lower costs if all is going well with depature times.
Trick trivia question for the day to make sure you're all awake. What's the longest domestic flight operated by AIR N.Z. ?
United Airlines (UAL.N) and Air New Zealand (AIR.NZ) have struck a revenue-sharing agreement, the companies said on Friday, as airlines boost flights to New Zealand's fast-growing tourism market.
http://www.reuters.com/article/us-ai...-idUSKCN0WC2K6
"To have a strong home market carrier like United Airlines working with us to grow this market through its extensive sales and distribution channels in the U.S. will provide a significant boost to inbound tourism," said Air New Zealand's CEO Christopher Luxon in a statement.
Queenstown listed as 1027 km's 1hr 50m and Dunedin 1057 km's 1hr 55m. Wellington - Invercargill 767 km's 2 hr 05m - ATR600.
Queenstown is both north and west of Dunedin, so much closer to Auckland.
A few years ago when a group of Glider pilots were attempting to set a world distance record here in New Zealand the longest straight leg distance they find was Te Anau to Te Araroha (East Cape) at just over 1600 km.
At least some of price since going ex has been recovered.
Back to 291 sooner than later I think.