An Air New Zealand plane is seen taking off at Christchurch airport in Christchurch, New Zealand, on Dec. 15, 2023. Kai Schwoerer/Getty ImagesAir New Zealand has warned shareholders that its earnings guidance, issued when it released its interim results on Feb. 26, can no longer be relied upon amid a period of “unprecedented volatility” in global jet fuel markets following the Iran war.The airline lost NZ$59 million (US$34.8 million) in the first half of the 2025-26 financial year and had forecast second-half earnings “broadly in line with, or modestly below” that figure. But that was based on the assumption that jet fuel prices would remain at around US$85 a barrel.
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