Airlines Face Jet Fuel Price Crisis as Air NZ's Share Price Plummets

Air NZ suspends earning guidance amid global jet fuel markets volatility

The airline has warned it may need to adjust its network and schedule over volatile fuel prices.

Air NZ suspends earning guidance, warns of price hikes

Photo: Supplied Air New Zealand has suspended its earning guidance and warned it may have to further hike prices and adjust where and how often it flies.

Warning for flight prices in South Africa

South Africans could soon face higher flight prices as global tensions push up oil prices and disrupt international air travel. The aviation industry is already feeling the pressure after a sharp surge in oil prices linked to the escalating conflict in the Middle East. As fuel costs climb and airlines are forced to reroute flights around closed airspace, ticket prices are expected to rise. Oil price surge putting airlines under pressure Accordin…

Airlines may look to cut flights as fuel prices soar, CEO warns

The chief executive of Air Chathams says the rising cost of oil is costing the small airline some $140,000 extra a month in fuel.

Airlines face jet fuel price crisis as Air NZ's share price plummets

The sharp rise in the oil price will hit the aviation sector hard, an industry leader says. Simon Wallace, Aviation Industry Association (AIANZ) chief...