Air New Zealand cuts 1,100 flights over fuel price fears
The Straits Times
On March 10, Air New Zealand raised ticket prices on all routes. Read more at straitstimes.com.
WELLINGTON – New Zealand’s national airline said on March 12 that it would cancel 1,100 flights over the next two months, pointing to the impact of the war in the Middle East.
Air New Zealand chief executive Nikhil Ravishankar said around 5 per cent of its flights will be cancelled, affecting 44,000 passengers.
The cancelled flights are mostly on domestic routes within New Zealand but will also include some international flights, he added.
Flights between New Zealand and the US would not be impacted due to increased demand for alternative routes to Europe, Mr Ravishankar said.
“With the unprecedented volatility in jet fuel prices due to the conflict in the Middle East, airlines around the world are adjusting fares and their schedules to help manage the impact of these significantly increased costs,” he said.
He added that jet fuel typically costs about US$85 (S$108) a barrel, but prices were now double that.
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