NZ tourism boom soaks up jet fuel supplies, seen widening margins

Wed, 02 Nov 2016

By Pattrick Smellie Nov. 1 (BusinessDesk) - New Zealand's booming tourism is soaking up the country's excess supplies of aviation fuel, raising the prospect of higher margins from one of the least profitable products currently sold by the country's transport fuel retailers. Analysis by First NZ Capital suggests that Z Energy, a major supplier of aviation fuel to Auckland International Airport, can expect a margin uplift of $20 million a year from the 2020 financial year onwards "on the belief jet (fuel) demand growth will make New Zealand...

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