This was an interesting perspective
But for the national carrier both relatively low fuel prices and the
travel boom could be something of a mixed blessing. Air New Zealand has
honed itself into a lean machine, able to remain competitive at oil
prices around US$120 a barrel.
But jet fuel prices are around half of that level hit in the middle of last year and now nearly all
airlines are reporting improved results because of it. Even American
carriers, often hovering close to bankruptcy, are mostly back in the black.
Lower oil prices mean the less efficient carriers with older aircraft than Air New Zealand are back in the game.
travel boom could be something of a mixed blessing. Air New Zealand has
honed itself into a lean machine, able to remain competitive at oil
prices around US$120 a barrel.
But jet fuel prices are around half of that level hit in the middle of last year and now nearly all
airlines are reporting improved results because of it. Even American
carriers, often hovering close to bankruptcy, are mostly back in the black.
Lower oil prices mean the less efficient carriers with older aircraft than Air New Zealand are back in the game.
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