Air NZ half year profit down 39%: Price hikes to be expected

Brace for potential Air NZ price hikes, the national carrier's half year profit plummeted 39% on the same period last year. But that's still an after tax profit of 129 million dollars. It's warning the second half of the year will be bumpy too. The airline says it been hit by inflation, rising fuel prices and engine maintenance issues. That's despite passenger revenue cracking 3 billion dollars a jump of 21%, largely due to long haul flights. Air NZ boss Greg Foran speaks to Lisa Owen. [embed] https://players.brightcove.net/6093072280001/default_default/index.html?videoId=6347355703112