Air NZ to feel brunt of rising fuel prices on international routes, analysts say

Tue, 22 May 2018

By Andrew Bevin May 22 (BusinessDesk) - Air New Zealand’s international routes will bear the brunt of oil prices near a 3 and a half year high as stiffer competition and the cost of flying vast distances set a higher bar for the national carrier than the domestic market, analysts say. The Auckland-based airline last week raised its domestic airfares 5 percent in response to meet the rising cost of its operations, including labour, fuel, goods and services, but kept international fares static. That comes at a time when Brent Crude oil p...

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