Oil market volatility hiking up fuel prices for airlines
Oil market volatility caused by war in the Middle East is already fueling price hikes beyond the petrol pump. Air Zealand raised its fares today and said if the conflict leads to continued elevated jet fuel costs it may have to take further pricing action and adjust its network schedule. Meanwhile Air Chathams said added costs mean an extra $140,000 a month in expenses. Associate Energy Minister & Regional Development Minister Shane Jones spoke to Lisa Owen.
Checkpoint · RNZ
March 10, 20269m 9s
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Show Notes
Oil market volatility caused by war in the Middle East is already fueling price hikes beyond the petrol pump. Air Zealand raised its fares today and said if the conflict leads to continued elevated jet fuel costs it may have to take further pricing action and adjust its network schedule. Meanwhile Air Chathams said added costs mean an extra $140,000 a month in expenses. Associate Energy Minister & Regional Development Minister Shane Jones spoke to Lisa Owen.
Topics
energypoliticstransportwar