Air New Zealand Updates May-June Schedule Amid High Jet Fuel Costs

MT Newswires Live
Apr 07

Air New Zealand (NZE:AIR, ASX:AIZ) said it will make minor adjustments to about 4% of its May and June flights due to rising jet fuel costs, affecting only around 1% of passengers, with most still able to travel on their original day, according to a Tuesday statement from the airline.

The airline said that affected customers will be notified starting Tuesday, with all notifications completed by the end of the week, and that the changes are minor compared with some New Zealand airlines, which have cut capacity by over 10%.

The airline noted that it is facing jet fuel prices more than double the usual level, resulting in higher industry costs and prompting further increases in some airfares.

The company's Kiwi shares rose around 6% in recent Tuesday trade, while its Australia shares soared past 4%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10