Fiji Air may close due to rising oil prices

Updated June 12, 2008 21:01:39

Airlines have been having a rough time of things with the jump in oil prices; this week Cathay Pacific shares dropped by around five percent after another record barrel price was set last Friday. The gap between profits and what's being spent on fuel is also narrowing, and now Air Fiji says it's close to being driven out of business. The announcement follows the Fijian government's recent decision to launch an inquiry into the operations of the country's international carrier Air Pacific.

Presenter: Barbara Heggen
Speakers: Dr Brij Lal, Professor of Pacific studies at Australian National University; Kamlesh Kumar, General Secretary of the Fiji Transport Workers Union