Air New Zealand's CEO Greg Foran says prices should come down as capacity increases

  • 10/05/2023

Air New Zealand chief executive Greg Foran says customers should expect prices to come down as the national carrier expands its capacity.

Speaking on AM, Foran told co-host Ryan Bridge a number of factors drive prices up including increasing wages, catering costs, third-party suppliers and lower passenger capacity.

But as Air New Zealand's 777 300 aircraft is pulled from hibernation in the dusty desert and the airline begins to increase its capacity, Fooran says prices could come down.

"Getting this extra 777 back adds quite a few more seats back onto the network and getting, and getting you to know, not just ourselves but competitors coming back. And that starts to drive the pricing down. And, you know, we're starting to see the beginnings of that, the early stages of it."

Foran says as the year progresses "we'll start to see prices come back".

Watch Foran's full interview above.