In April our forecast revenue for FY25 was within 2% of the target revenue set as part of our three-year pricing consultation and at that time we were proposing no changes to our published prices.
However, we have subsequently received revised schedules that show a reduction in both domestic and international flight volumes. These schedule changes reduce our forecast revenue to 96.2% of our target revenue and below the 98% threshold in the risk-sharing mechanism provided for in Airways’ Standard Terms and Pricing Framework.
As this will have a material and adverse effect on Airway’s financial position, Airways is now proposing a price reset for most of FY25. Therefore, Airways is undertaking further consultation on the proposed prices to apply for most of the period.
Full details of the proposal can be found in the proposal document below.
We now invite customers to provide any feedback or additional schedule information by 28 June 2024. This can be provided by email to submissions@airways.co.nz. All information will be considered before prices are finalised by 30 July 2024. with the intention that any increased prices will apply from 1 September 2024. In the meantime, the published prices for FY2025 will apply from 1 July 2024.
Airways' prices for the period 1 December 2023 - 30 June 2024
Airways pricing consultation for the period 1 July 2023 to 30 June 2024
Auckland air traffic control tower replacement
Out of cycle price reset, for the period 1 February 2023 to 30 June 2023
Airways pricing consultation for the 2022 to 2025 period
2021 Review of Airways' Pricing Framework and Standard Terms and Conditions