Greg Foran: Air NZ CEO says high air fares are not unique to New Zealand, all airlines are battling increased demand

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Air fares are expected to remain high for a number of months, as Air New Zealand says there aren't enough seats to meet demand. Consumers are complaining of sky high prices as demand for both domestic and international travel rises with the approaching holiday season. Domestic capacity in New Zealand's close to a hundred percent, with international flight capacity at 65 percent. That's expected to rise with more planes coming back in circulation. Airline CEO Greg Foran told Mike Hosking it's not a unique issue to New Zealand, as he claims all airlines are battling with increased demand amidst reduced capacity and fuel prices. He expects things to look up in the near future, as he says Air New Zealand is on track to have a better 2023. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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