Air New Zealand takes massive financial hit with soaring fuel costs
Air New Zealand's taking a massive financial hit off the back of soaring fuel costs. It's on track for a full year loss of up to $400 million, full year pre-tax loss. The national carrier's forecasting fuel price increases of more than 30 percent for the second half of the year, driven by war in the Middle East. Air New Zealand CEO Nikhil Ravishankar spoke to Lisa Owen.
The skinny
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