18 Dec 2006
Wellington Airport November 2006 traffic figures have been posted on the Infratil website.
November traffic results were more positive than they have been in recent months. Domestic passengers grew by 2.6% on last November (flat year to date), and the domestic load factor in November was 76%. International passengers were up 11.8% on last November (year to date down 1.3%) with a load factor of 75% for the month. Both these results are positive signs. Air New Zealand has announced capacity reductions for a number of cities in Northern Summer season 2007 (our winter), but the longer term outlook for international traffic growth remains positive. The prospects for profitable competition and growth, based on lower cost models, now seem better than they were earlier this year. Now that the code-share has been dropped, it seems more likely that Jetstar will expand on the Tasman, there are signs of Virgin Blue (Pacific Blue) performing better and seeking expansion opportunities, and Air New Zealand has said that it may revisit its model for the Tasman.
In other developments, Regency Duty Free commenced trading on-schedule on 1 December, despite delays earlier this year resulting from an arbitration with the incumbent. The first stage of the international terminal development will be largely complete by end January. Trading at the Airport Retail Park is well underway with Stage 1 of the centre now almost completely leased. A number of improvements and expansion of capacity have commenced in the car park. Finally, Wellington Airport has now received airline responses to its 3% per annum initial pricing proposal and will now consider airline views.
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