The Finance Minister says there's no bail-out on the cards for Air Zealand at this stage - as the conflict in the Middle East causes a surge in jet fuel prices.

The national carrier has already raised fares, and cancelled about 1100 upcoming flights.

Nicola Willis says she thinks there will be some shifts in airline patterns around the world - which will mean jet fuel remains available.

"And I think Air New Zealand has every opportunity to compete for customers, we now look like a very safe country compared to a lot of other destinations where people might have wanted to have a tourist experience three weeks ago."

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