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7 results for “aviation”
Air New Zealand (AIR.NZ) faces a challenging 2026 as surging jet fuel prices and engine maintenance issues lead to a suspension of earnings guidance. With a 'Sell' consensus and a YTD decline of -23.59%, the airline is navigating significant financial and technical headwinds.
Air New Zealand has significantly downgraded its FY26 outlook, forecasting a pre-tax loss of $340 million to $390 million due to a $240 million surge in jet fuel costs. The airline is responding with fare increases and capacity cuts while maintaining a strong liquidity position.
The Albanese government will announce a A$10.7 billion fuel and fertiliser security package in the May 12 Budget, featuring a 1 billion litre fuel reserve and a A$5 billion tax relief scheme for businesses.
New Zealand's Budget 2026 will allocate $70.7 million over four years to the New Zealand Customs Service to boost domestic border security. This funding forms part of a larger $81.5 million package aimed at combatting organised crime and international drug smuggling.
Air New Zealand is set to launch three new non-stop international routes from Christchurch to Singapore, Tokyo, and Perth starting in late 2026, supported by the return of its Boeing 787 fleet.
Air New Zealand has appointed Josh Emett as its new Culinary Ambassador to redesign premium dining experiences. The new menus will debut in October 2026 across long-haul flights from Auckland and North America.
The NZX 50 index closed at 13,175 points on Friday, May 8, 2026, marking a daily decline of 0.72%. Despite the fall, the market secured a 1.7% weekly gain and remains up 4.52% over the past year.