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Air New Zealand (ASX:AIZ) share price moves higher on market update

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The Air New Zealand Limited (ASX: AIZ) share price is bucking the trend today, rising against the overall ASX market sentiment. This comes after the company released its monthly traffic update for October and announced an extended contract award for cargo flights.

At the time of writing, the Air New Zealand share price is up 2.3% to $1.76. The S&P/ASX 200 Index (ASX: XJO) is 0.6% down to 6,809 points.

What’s moving the Air New Zealand share price?

The Air New Zealand share price is pushing higher today following an update that highlights recovering passenger traffic in its domestic market.

According to the update, the company advised that passenger numbers are down 50.6% to 690,000 from the prior corresponding period. While total…



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