"Qantas expects to spend between A$3.1bn and A$3.3bn on fuel in the six months to June 30, with total costs for the second half of the year rising by between A$600m and A$800m."
"While the airline has hedged against crude oil price increases, it warned that it cannot protect itself from surging refinery costs, which have risen fivefold amid supply disruption."
"The move highlights the growing strain on airlines as fuel costs climb and supply tightens, with carriers forced to balance capacity, pricing and profitability in an increasingly volatile market."
Qantas is scaling back its domestic and regional services by approximately 5% in response to rising fuel costs, which are expected to increase significantly in 2026. The airline anticipates spending between A$3.1bn and A$3.3bn on fuel in the first half of the year, with costs rising by A$600m to A$800m. Despite hedging against crude oil price increases, Qantas cannot shield itself from soaring refinery costs. Higher international ticket prices are expected to help offset some financial pressure as the airline consolidates services on busier routes.
Read at London Business News | Londonlovesbusiness.com
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