Air New Zealand announced an 11% reduction in transtasman seat capacity beginning in April. Seats to Australia will fall by 15% from Wellington, 28% from Dunedin, 15% from Palmerston North and 7% from Christchurch compared to April-October 2006. "Not even the low airfares generated by significant excess capacity and competition have driven enough customer demand from these four centers to maintain the status quo," GM-Shorthaul Airline Norm Thompson said, citing a 63% load factor out of ...

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