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'Not looking good': Expert predicts bigger Air NZ profit drop following Middle East conflict

Author
Newstalk ZB,
Publish Date
Tue, 10 Mar 2026, 6:00pm
Photo / Air NZ
Photo / Air NZ

'Not looking good': Expert predicts bigger Air NZ profit drop following Middle East conflict

Author
Newstalk ZB,
Publish Date
Tue, 10 Mar 2026, 6:00pm

An aviation commentator says Air New Zealand needs to look at ways to cut costs as the war in the Middle East impacts fuel prices. 

The airline's adjusted fares - lifting domestic flights $10 and long-haul flights $90.

It's suspended its guidance from less than a fortnight ago, expecting second-half earnings similar to the $59 million first-half loss.

Irene King says the airline could slash its spending. 

"They really have never addressed the cost side of their business post-Covid - and they really could get stuck in there, their labour costs are astronomical."

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