Factbox-From airlines to banks: Australian, New Zealand firms feel heat of Gulf crisis

Australian and New Zealand companies across airlines, banks, logistics and materials are reporting material headwinds from the U.S.-Israeli war on Iran as higher fuel and freight costs, route disruptions and supply‑chain stress push up input costs, dent demand and weigh on earnings. Carriers (Air New Zealand, Qantas, Virgin) have raised fares, cut capacity and suspended or trimmed profit guidance as jet‑fuel volatility boosts fuel bills; airports and logistics firms report sharp drops in Middle East passenger volumes and hit to seat capacity and EBITA. Banks (NAB, Westpac) are increasing credit provisions and forecasting capital impacts after rising impairment charges. Industrial and materials names (Fletcher Building, Cochlear, Orora, Worley) flagged higher input costs, order risk and profit‑forecast cuts, with some passing costs to customers. Overall the piece signals a negative near‑term impact on corporate earnings and confidence in Australia/New Zealand, particularly for airlines, exporters and energy‑sensitive sectors.