Irene King: aviation commentator on Air New Zealand lifting fares in response to Middle East conflict
An aviation commentator says Air New Zealand needs to look at ways to cut costs as the war in the Middle East impacts fuel prices.
The airline's adjusted fares - lifting domestic flights $10 and long-haul flights $90.
It's suspended its guidance from less than a fortnight ago, expecting second-half earnings similar to the $59 million first-half loss.
Irene King says the airline could slash its spending.
"They really have never addressed the cost side of their business post-Covid - and they really could get stuck in there, their labour costs are astronomical."
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