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Greg Foran: Air New Zealand CEO on the current cost of air fares becoming the new normal
Bad news for air travellers as current air fares are set to be the new normal.\xa0
Air New Zealand has announced earnings before tax of $185-million for the first half of the current financial year.\xa0
CEO Greg Foran told Mike Hosking that some costs, such as for parts, food and beverage, wages, and air navigation are with them to stay.\xa0
He says they have to work out how to become more efficient.\xa0
But Foran says some of those costs are baked in and he doesn't expect prices are going to come plummeting down.\xa0
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