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Wellington Airport Monthly Overview - May 2008

17 Jun 2008

Wellington Airport May 2008 operational figures are made available here.

May domestic passengers were 22% above the previous year reflecting the ongoing competitiveness of the market on domestic trunk routes. Pacific Blue continues to perform strongly and the other airlines are responding. Average seat loads in May of 72.6% were marginally below the previous year however the load factor remains strong given the substantial (23%) increase in seat capacity. This demonstrates the strength of domestic demand to and from Wellington when fares are at attractive levels.  Year to date passengers for the two months ended May are 24% above the previous year following a similar increase in seat capacity.

International passengers were below the previous year by 0.2% following a 2% increase in capacity. An average load factor of 70% was well below the level achieved in summer months however this is customary at this time of year with May and June traditionally seasonal lows for trans Tasman travel. Year to date passengers are 2.4% below the previous year with seat capacity increased by 2%.  
Clearly jet fuel prices are a significant challenge for the aviation industry at present.  The effect of the fuel issues is currently being masked at Wellington Airport by the stimulatory impact of recently increased competition. With airlines under great stress in many parts of the world, New Zealand - and Wellington in particular - continues to provide comparatively strong opportunities for airlines.

A new convenience store has opened in the ground floor of the terminal trading under the name "Cargo".  Refurbishment of the Whitcoulls and CD Store tenancies has commenced and is expected to be finished in time for new concept stores to open in July. Site preparation works to enable construction of "The Rock" international terminal expansion are progressing.
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