Air New Zealand suspends FY26 forecast as jet fuel spikes on Middle East conflict
Yahoo Finance·2026-03-10 04:01
March 10 (Reuters) - Air New Zealand suspended its fiscal 2026 earnings forecast on Tuesday, citing the recent escalation of conflict in the Middle East and unprecedented volatility in global jet fuel markets. New Zealand's flag carrier had forecast second-half earnings to be flat or weaker than the first half in its interim results last month, when it posted a loss before tax of NZ$59 million. "Since that time, conflict in the Middle East has led to extreme volatility in jet fuel markets," A ...