Air New Zealand CEO Nikhil Ravishankar reports the airline is cutting capacity due to high fuel costs, with jet fuel prices at $207 a barrel in Asia and Oceania. <br><br>Reference:<a href="https://skift.com/2026/04/24/air-new-zealand-cant-recover-full-cost-of-fuel-ceo-says/" target="_blank">Source</a>.<br><br>