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Qantas Warns of Airfare Price Hike as Ongoing High Fuel Costs Slam Airline
- On Friday, Qantas Airways announced it will raise airfares and cut domestic flying by 4% in early 2027 to tackle soaring fuel costs stemming from Middle East conflict.
- Qantas's fuel bill for the final six months of 2026 is now expected to reach $3.75 billion, up from a $3.6 billion forecast, as Trump administration strikes in the Middle East disrupted oil supplies.
- With Brent crude oil now exceeding $US100 a barrel, Qantas cancelled a $150 million share buyback and hedged about 85 per cent of its annual fuel bill to preserve capital.
- The airline reported that "International demand across Qantas and Jetstar remains strong, supported by customers redirecting travel away from the Middle East," while corporate travel volumes stay stable.
- Qantas stated that "Fuel prices are expected to remain elevated through financial year 2027," as it advances "Project Sunrise," targeting non-stop Sydney-to-London flights using Airbus A350-1000ULR aircraft by 2028.
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16 Articles
16 Articles
Qantas Hikes Fares, Deepens Cuts to Flying as Fuel Costs Bite
·New York, United States
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Australia's Qantas lifts first-half fuel cost forecast, sees prices ...
·London, United Kingdom
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Total News Sources16
Leaning Left4Leaning Right6Center5Last UpdatedBias Distribution40% Right
Bias Distribution
- 40% of the sources lean Right
40% Right
L 27%
C 33%
R 40%
Factuality
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