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4 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.
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.