Air New Zealand Will Cut Some Flights Due to Fuel Costs

Air New Zealand CEO Nikhil Ravishankar says the airline will cut some flights due to rising fuel costs. The national carrier has raised prices and cut costs as New Zealanders defer non-essential spending, including travel. He speaks to Bloomberg's Guy Johnson… Air New Zealand CEO Nikhil Ravishankar says the airline will cut some flights due to rising fuel costs. The national carrier has raised prices and cut costs as New Zealanders defer non-essential spending, including travel. He speaks to Bloomberg's Guy Johnson at the IATA  annual general meeting in Rio de Janeiro. (Source: Bloomberg)