The four-and-a-half minute video follows the adventures of two Hobbit fans through Wellington airport and on to a plane where they sit alongside Wood, who played Frodo Baggins in the movies.
Watch the video here
Director Sir Peter Jackson makes a guest appearance, as do Hobbit actors Dean O'Gorman, who played Fili the Dwarf, and Sylvester McCoy who played Radagast.
A previous Hobbit-inspired safety video, released in 2012, attracted more than 12 million views online.
The final movie in The Hobbit trilogy is set for release in December.