Air New Zealand faces fuel cost impact
Air New Zealand announced that rising fuel prices continue to significantly impact its costs, with the airline bearing the majority of the burden. It is expected that the price of a barrel of fuel will reach around $150 based on the Singapore index. The company has tried to offset some of these costs through hedging and by increasing ticket prices, but has only managed to compensate for between 25% and 40% of the impacts. The airline is not experiencing a fuel supply shortage, but the high prices pose a major challenge for it in the upcoming fiscal year.
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