Photo: SuppliedAir New Zealand has suspended its earning guidance and warned it may have to further hike prices and adjust where and how often it flies. It said the guidance it issued last month was no longer appropriate due to what it said was 'unprecedented' volatility in fuel prices. But it said it may need to take further action on its network and schedule if high jet fuel prices continued. The national carrier said the difference in the crack spread price - the margin charged by refineries - had jumped from US$22 barrel to as high as US$115. Airlines are charged for the Brent crude price of a barrel of oil - hovering around $US100 - and the crack spread price.

Source: Otago Daily Times March 09, 2026 20:52 UTC