Bad news for air travellers as current air fares are set to be the new normal.

Air New Zealand has announced earnings before tax of $185-million for the first half of the current financial year.

CEO Greg Foran told Mike Hosking that some costs, such as for parts, food and beverage, wages, and air navigation are with them to stay.

He says they have to work out how to become more efficient.

But Foran says some of those costs are baked in and he doesn't expect prices are going to come plummeting down.

LISTEN ABOVE

Bad news for air travellers as current air fares are set to be the new normal. 
Air New Zealand has announced earnings before tax of $185-million for the first half of the current financial year. 
CEO Greg Foran told Mike Hosking that some costs, such as for parts, food and beverage, wages, and air navigation are with them to stay. 
He says they have to work out how to become more efficient. 
But Foran says some of those costs are baked in and he doesn't expect prices are going to come plummeting down. 
LISTEN ABOVE

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more.

The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...