Jet Fuel

Air New Zealand balances recovery with soaring fuel costs and fleet challenges

Chief executive Nikhil Ravishankar must, as he puts it, "walk and chew gum" at the same time. The Auckland-based Star Alliance carrier was hit hard by the soaring jet fuel costs this spring just as it was putting its years-long engine availability issues in the rearview mirror. On one hand, Air New Zealand needed to…