Meanwhile in New Zealand

Nothing in the New Zealand press about rising oil prices; we don't appear to exist in the real world.


However there has been (bad) news about Air New Zealand

Air NZ tips more job losses may be coming

NZ Herald, 25 February, 2012

Air New Zealand says 441 job losses announced yesterday may not be the limit of staff cuts needed to boost profitability, although it will strive to maintain customer service.

Chief executive Rob Fyfe, who will stand down at the end of this year, said the majority Government-owned airline had been "at pains to protect the value proposition to our customers" while seeking operating efficiencies.

"We think that's very powerful - the source of competitive advantage, so this has been very focused on looking at non-customer-facing functions within the business", he said of the job-shredding exercise.

But the Engineering, Printing and Manufacturing Union said it expected to lose about 30 jobs among its members.

For article GO HERE

See also;

At the peak of losses in the six months to 30-Jun-2011, the operation lost in excess of NZD1 million (USD833,700) a week. While the losses were exacerbated by high fuel prices and weakened demand from the Feb-2011 Christchurch earthquake and the Mar-2011 Japanese earthquake and tsunami, ANZ has seen the entrance of price-aggressive long-haul carriers that give reason to strategically enhance its position across all market

http://www.centreforaviation.com/analysis/air-new-zealand-hones-in-on-long-haul-restructure-as-first-half-profit-falls-68801



But there was some schadenfreude at Qantas' loss

Qantas's loss could be Air NZ's gain

New Zealand's national carrier looks set to gain from Qantas cutting its Auckland to LA service , though there is speculation budget airline Jetstar could try to grab a slice of the action.

http://tvnz.co.nz/business-news/qantas-s-loss-could-air-nz-gain-4728659