Air New Zealand will raise fares on all domestic flights and outbound international flights by 10% on May 1. The carrier said rising fuel costs necessitated the change. "Fuel is now our number one cost," said CFO Rob McDonald. "We regret having to increase fares but the numbers are stark." The airline's annual fuel bill has more than doubled since 2004, jumping from NZ$480 million ($303.3 million) to NZ$1 billion. ANZ also announced a NZ$42 million upgrade to its domestic terminal facilities ...

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