Air New Zealand has warned shareholders that its earnings guidance, issued when it released its interim results on Feb. 26, can no longer be relied upon amid a period of “unprecedented volatility” in global jet fuel markets following the Iran war.
The airline lost NZ$59 million (US$34.8 million) in the first half of the 2025-26 financial year and had forecast second-half earnings “broadly in line with, or modestly below” that figure. But that was based on the assumption that jet fuel prices would remain at around US$85 a barrel.
However, since war broke out in the Middle East, the average jet fuel price reached US$157.41 a barrel in the week ending March 6, a rise of 58.4 percent on the previous week….
Air New Zealand Suspends Earnings Guidance, Raises Fares in Response to Soaring Fuel Prices
