HONG KONG, March 10 — Air New Zealand said today it has raised all of its fares due to the Middle East conflict and may take further pricing action, underscoring how global airlines will seek to pass on the costs of higher oil prices to passengers.

Jet fuel prices, which were around US$85 (RM335) to US$90 per barrel prior to the conflict, have increased sharply to between US$150 and US$200 per barrel in recent days, New Zealand’s flag carrier said, adding it was suspending its financial outlook for 2026 due to uncertainty over the conflict.