Air New Zealand eyes fare hikes as costs surge

The airline is currently reviewing fares and capacity to better reflect ongoing cost pressure. — Bloomberg

WELLINGTON: Air New Zealand says it may raise ticket prices to cover rising costs after reporting a 38% slump in interim earnings and forecasting an even worse second half.

Inflationary pressures have driven up non-fuel operating costs over the last four years, which is “having a significant impact on the cost of providing air services, including on the domestic network,” the Auckland-based carrier said.