Market Chatter: Air New Zealand to Cancel 1,100 Flights Amid Surging Fuel Costs

MT Newswires Live
03/12

Air New Zealand (ASX:AIZ, NZE:AIR) will cancel around 1,100 flights, affecting 44,000 passengers through early May, as soaring jet fuel prices from the Middle East conflict and the closure of the Strait of Hormuz force the airline to trim off-peak services and raise fares, Radio New Zealand reported Thursday.

The airline will rebook most affected passengers on same-day flights, focus cuts on off-peak services while maintaining all routes and regional connectivity, and implement fare increases ranging from NZ$10 to NZ$90 depending on the route.

A slight decrease in long-haul international flights is planned, while US services will continue, and it is still too early to determine whether the strategic review will lead to job cuts, said Nikhil Ravishankar, Air New Zealand chief executive.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

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