Tia Maria
17th March 2008, 12:16 PM
Currently domestic and trans Tasman prices are to be raised, but they will be reviewing International also:
www.nzherald.co.nz/section/1/story.cfm?c_id=1&objectid=10498645
Air New Zealand is raising its prices for domestic, trans-Tasman and Pacific Islands flights from next week, it announced today.
The airline said increases in fuel costs were to blame for the rise and said long haul flights were also likely to be affected soon.
Air NZ's Bruce Parton said customers had been "shielded" for as long as possible but would now have to pay an average of three per cent more per flight.
The increases apply to travel booked from Wednesday, March 26.
"When domestic fares were last increased due to fuel costs in May 2006, the price of Singapore jet fuel per barrel was USD$87. Today it has reached USD$130 with a USD$10 increase in the past month alone,' said Mr Parton, group general manager short haul airlines.
"This recent price escalation has left Air New Zealand with little option but to increase fares. A decision on the scale of long haul fare increases is expected to be made within the next fortnight."
Mr Parton said Air NZ could not rule out further fare increases if fuel costs did not drop.
The price of oil on international markets reached a new peak of US$111 a barrel last Thursday.
Cheers
Tia
www.nzherald.co.nz/section/1/story.cfm?c_id=1&objectid=10498645
Air New Zealand is raising its prices for domestic, trans-Tasman and Pacific Islands flights from next week, it announced today.
The airline said increases in fuel costs were to blame for the rise and said long haul flights were also likely to be affected soon.
Air NZ's Bruce Parton said customers had been "shielded" for as long as possible but would now have to pay an average of three per cent more per flight.
The increases apply to travel booked from Wednesday, March 26.
"When domestic fares were last increased due to fuel costs in May 2006, the price of Singapore jet fuel per barrel was USD$87. Today it has reached USD$130 with a USD$10 increase in the past month alone,' said Mr Parton, group general manager short haul airlines.
"This recent price escalation has left Air New Zealand with little option but to increase fares. A decision on the scale of long haul fare increases is expected to be made within the next fortnight."
Mr Parton said Air NZ could not rule out further fare increases if fuel costs did not drop.
The price of oil on international markets reached a new peak of US$111 a barrel last Thursday.
Cheers
Tia