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Air New Zealand fares increase to recover jet fuel cost

Direct News Source

10-Mar-2011 Air New Zealand is increasing domestic and international fares as a result of the rising cost of jet fuel.

Over the past month jet fuel has increased from USD114 per barrel to USD130 per barrel, adding almost USD10 million per month to the airline's operating costs.

Effective from 18 March, domestic airfares will increase by an average of 7%, fares to Australia and the Pacific Islands will increase by an average of 8% and long haul fares will increase by an average of 7%.