Air New Zealand executive Iain Walker said several factors were behind the surge in air fare prices. On Thursday, the company posted improved guidance to the stock exchange, raising expected earnings by tens of millions of dollars. The improved earnings and demand come as Kiwis are paying more for airfares. Air New Zealand executive Iain Walker said several factors were behind the surge, including "demand, fuel prices, higher supplier costs, increased cost of labour, and general inflation". The earnings guidance this week showed the airline would remain profitable in the first half of this year.

Source: New Zealand Herald April 27, 2023 07:27 UTC