Air NZ suspends guidance due to volatility in jet fuel prices

Air New Zealand has abandoned its previous earnings guidance due to fluctuating jet fuel prices. The airline had anticipated an average fuel cost of US$85 per barrel for the second half of the financial year, affecting its earnings outlook, which was already strained by engine issues and compensation claims. In response, the airline plans to adjust fares and implement cost-cutting measures.

Want More Context? 🔎