Podcasts Other The Mike Hosking Breakfast Greg Foran: Air NZ CEO says high air fares are not unique to New Zealand, all airlines are battling increased demand

Greg Foran: Air NZ CEO says high air fares are not unique to New Zealand, all airlines are battling increased demand

Published: Oct. 31, 2022, 7:06 p.m.

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Air fares are expected to remain high for a number of months, as Air New Zealand says there aren\'t enough seats to meet demand.

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Consumers are complaining of sky high prices as demand for both domestic and international travel rises with the approaching holiday season.

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Domestic capacity in New Zealand\'s close to a hundred percent, with international flight capacity at 65 percent.

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That\'s expected to rise with more planes coming back in circulation.

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Airline CEO Greg Foran told Mike Hosking it\'s not a unique issue to New Zealand, as he claims all airlines are battling with increased demand amidst reduced capacity and fuel prices.

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He expects things to look up in the near future, as he says Air New Zealand is on track to have a better 2023.

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