Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › Qantas profits dip to lowest in four years as jet fuel...
Business & Finance

Qantas profits dip to lowest in four years as jet fuel costs climb after Iran conflict

The Guardian World Thursday 27 August 2026, 01:11 UTC By Luca Ittimani 1 min read
Key Points

Airline declines to predict impact of new carry-on luggage charge on Jetstar revenue or ticket sales, saying it is offering customers ‘choice’Qantas has recorded its lowest pre-tax profits in four years, at $2.06bn, after the US war on Iran pushed up its fuel costs by $610m. Australia’s national airline also announced it would phase out its Airbus A380 models as it prepares to add new planes to its fleet, handing down annual results on Thursday.

Airline declines to predict impact of new carry-on luggage charge on Jetstar revenue or ticket sales, saying it is offering customers ‘choice’

Qantas has recorded its lowest pre-tax profits in four years, at $2.06bn, after the US war on Iran pushed up its fuel costs by $610m.

Australia’s national airline also announced it would phase out its Airbus A380 models as it prepares to add new planes to its fleet, handing down annual results on Thursday.

Continue reading...
Qantas (ORG) Iran (LOCATION) Jetstar (ORG) the US war (EVENT) Australia (LOCATION) Airbus (ORG)
Originally published by The Guardian World Read original →

Related Stories

BOJ deputy governor Himino calls for 'timely' rate hike

BOJ deputy governor Himino calls for 'timely' rate hike URAWA, Japan, Aug 27 : Bank of Japan Deputy Governor Ryozo Himino said on Thursday raising interest rates in a timely manner will help avoid a spike in inflation that would require abrupt rate hikes in the future. "If underlying inflation deviates above our 2 per cent target, that would have an adverse impact on the economy.

Channel News Asia 15m ago

Push for import ban on 'pervert' smart glasses amid privacy concerns

Push for import ban on 'pervert' smart glasses amid privacy concerns In short: Smart glasses and other wearable recording devices would be subject to a 12-month import ban under a bill to be introduced to the Senate. Experts warn Australian laws have not kept up with the privacy risks posed by the flood of cheap camera-enabled devices entering the country. The Greens intend to launch the bill when parliament resumes next month, with several independent crossbenchers also in support.

ABC Australia 17m ago

Bears and pest control: how Japan is spending its departure tax windfall

Billions of yen from a higher departure tax that Japan plans to use to support tourism are being channelled into projects that critics say offer limited direct benefit to travellers, including measures to prevent bear attacks and eradicate an invasive beetle. The Japanese government expects to raise 130 billion yen (US$817.7 million) in the 2026 financial year from the International Tourist Tax, after increasing the levy last year on anyone leaving the country through an airport or seaport.

South China Morning Post 17m ago

China industrial profit growth in July slumps to 7-month low of 11.2%

China's industrial profits growth in July slowed to its weakest pace this year, expanding 11.2% from a year earlier, according to National Bureau of Statistics data on Thursday. For the first seven months of this year, profits climbed 17.6% from a year earlier, losing momentum following the 18.7% rate in the first half-year. The survey covers firms with annual revenues of over 20 million yuan ($2.9 million) from their core operations.

CNBC 23m ago