Air New Zealand jumps on cost-cutting measures amid volatile jet fuel prices

Air New Zealand

09/03/2026 21:49

** Shares of Air New Zealand AIR.NZ rise as much as 4.3% to NZ$0.49

** Stock set to post its biggest intraday jump since April 10, 2025, if gains hold

** New Zealand's flag carrier says it is progressing cost-reduction initiatives in response to rising jet fuel prices

** Says conflict in Middle East leading to extreme volatility in jet fuel markets

** AIR may need to take further pricing action and adjust its network and schedule if elevated fuel costs persist

** Company suspends FY26 earnings forecast due to volatility in global jet fuel markets

** Shares down 16.4% YTD

(Reporting by Aamir Sheik Khalid in Bengaluru)

((Aamir.SheikKhalid@thomsonreuters.com))