Key facts
- Air New Zealand expects elevated fuel costs to persist through its 2027 financial year.
- The airline has hedged between 25% and 40% of higher fuel prices.
- Jet fuel prices are projected to be around $150 per barrel.
Air New Zealand Chief Executive Nikhil Ravishankar announced that the airline has only managed to offset between 25% and 40% of its increased fuel expenses through hedging strategies and fare adjustments. Consequently, the carrier is preparing for sustained high fuel costs extending into its 2027 financial year. The airline's projections indicate an expected jet fuel price of approximately $150 per barrel.