Price hikes, outlook cuts - What airlines are doing as fuel costs surge

Core Viewpoint - The surge in jet fuel prices, driven by geopolitical tensions, has led airlines globally to increase ticket prices and revise their financial outlooks due to the significant impact on operating costs [1]. Airline Responses - Air New Zealand: Announced broad increases in ticket prices and suspended its fiscal 2026 earnings forecast due to volatility in jet fuel markets. Price hikes include NZ$10 ($6) for domestic routes, NZ$20 for short-haul international, and NZ$90 for long-haul flights, with potential for further changes if fuel costs remain high [1]. - Cathay Pacific Airways: Implemented additional flights to London and Zurich to address disrupted travel routes and maintained its fuel surcharge at $72.90 for flights between Hong Kong and Europe or North America [1]. - Hong Kong Airlines: Plans to raise fuel surcharges by up to 35.2%, with the highest increase on flights to the Maldives, Bangladesh, and Nepal, where charges will rise to 384 Hong Kong dollars ($49) from 284 Hong Kong dollars [1]. - Qantas Airways: Will increase fares on international routes for the week of March 9 and is considering adding capacity on existing Europe routes in the coming months [1]. - SAS (Scandinavian Airlines): Implemented a temporary price adjustment in response to rising jet fuel prices [1]. - Vietnam Airlines: Requested government assistance to remove an environmental tax on jet fuel, citing a 70% surge in operating costs due to rising jet fuel prices [1].