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Cath O'Brien: Board of Airline Representatives Executive Director on the state of Air New Zealand
Published 1 month, 1 week ago
Description
Rising international tourism numbers are helping airlines weather the storm of rising jet fuel prices.
Air New Zealand's revealed its looking at staff redundancies and even more flight reductions due to the surging cost of jet fuel.
It's now forecasting a full-year pre-tax loss of between $340 and $390 million.
Board of Airline Representatives Executive Director Cath O'Brien told Ryan Bridge the rising jet fuel costs are being partly offset by higher international visitor numbers.
She says that incredibly strong and resilient demand for travel is putting airlines in a good place to continue.
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