Air New Zealand expects to trim forecast losses by around $50 million this financial year as travel rebounds strongly. "The airline continues to see strong passenger booking activity on short-haul and international services following the opening of the New Zealand border. "But there is obviously a bit of a headwind for them in terms of higher fuel prices." High fuel prices are hitting all airlines, with oil at a three-month high this week. A Stats NZ index shows domestic airfares have risen by 12 per cent from the first quarter of 2019 (before the pandemic) to the same period this year and international fares are up 50 per cent.

Source: New Zealand Herald June 10, 2022 12:24 UTC