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Podcast: The Mike Hosking Breakfast
Episode: Nikhil Ravishankar: Air New Zealand CEO on the impact of rising jet fuel prices on fares, plans to cut flights
Description: Unprecedented jet fuel prices are set to cause extensive Air New Zealand flight cancellations, affecting tens of thousands of people. The airline expects to consolidate 1,100 flights over the next six to eight weeks – impacting about 44 thousand passengers. It expects to start notifying affected customers from today. Chief Executive Nikhil Ravishankar told Mike Hosking at this stage, they're planning to cut frequencies, rather than entire routes. He says they're in daily —if not hourly— contact with their fuel suppliers and working with the Government on a coordinated response. They've already had to rais...