Air New Zealand's woes are expected to last for as long as the war in Iran continues. 

The national carrier's revealed its looking at staff redundancies and more flight reductions due to the surging cost of jet fuel. 

It's now forecasting a full-year pre-tax loss of up to $390 million. 

Nikhil Ravishankar told Mike Hosking run rates won't get worse, but fluctuating jet fuel prices will keep weighing on the airline's financial results.  

He says fuel dropping from $200 to $150 is helpful, but it's not down enough considering normal prices are around $85. 

LISTEN ABOVE 

Air New Zealand's woes are expected to last for as long as the war in Iran continues.&nbsp;
The national carrier's revealed its looking at staff redundancies and more flight reductions due to the surging cost of jet fuel.&nbsp;
It's now forecasting a full-year pre-tax loss of up to $390 million.&nbsp;
Nikhil Ravishankar told Mike Hosking run rates won't get worse, but fluctuating jet fuel prices will keep weighing on the airline's financial results. &nbsp;
He says fuel dropping from $200 to $150 is helpful, but it's not down enough considering normal prices are around $85.&nbsp;
LISTEN ABOVE&nbsp;

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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,...

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Nikhil Ravishankar: Air NZ CEO on their projected full-year pre-tax loss rising to $390 million

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/129770a1-6ce9-415d-9917-b44a01490066/transcript