Air New Zealand and Virgin Australia have moved to raise fares as higher fuel costs begin to feed through to pricing across the Asia-Pacific region.
Air New Zealand has increased fares across domestic and international routes and withdrawn its FY2026 earnings guidance, citing uncertainty linked to rising fuel prices and the evolving geopolitical environment.
Virgin Australia will also increase domestic fares by around 5% from 23 March, pointing to higher fuel, maintenance and airport costs.
The moves reflect a broader industry response, with airlines seeking to pass through higher input costs as fuel prices spike. Both carriers signalled that further pricing and network adjustments remain possible if fuel prices remain elevated.