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Podcast: The Front Page
Episode: Air NZ is cutting flights. When should we start to worry?
Description: Air New Zealand is set to cut 1100 flights â affecting about 44,000 customers. CEO Nikhil Ravishankar has cited âunprecedentedâ jet fuel prices as the cause â which he said could not be passed on to customers, who were already facing cost-of-living challenges. A normal price for jet fuel is about US$85 a barrel -- but the product is now at about US$170 a barrel as a result of the war in Iran. Itâs all prompted the Government to round up a bunch of senior ministers to oversee the countryâs fuel security. Today on The Front Page, aviati...