Air NZ: Cheaper fares could be coming

Air New Zealand says a surge in capacity this year will help lead to lower airfares. The airline is boosting the number of seats by just under 12 per cent for the remainder of this financial year around the Pacific Rim and on domestic routes. Air New Zealand announced today record interim normalised earnings before taxation of $216 million, up 20 per cent on the prior corresponding period. It's chief executive Christopher Luxon said the carrier was in a period of unprecedented growth.