Qantas profits dip to lowest in four years as jet fuel costs climb after Iran conflict
Qantas reported a significant drop in annual profits, citing rising fuel costs linked to the Iran conflict. The airline plans to retire its A380 fleet earlier than expected and may increase ticket prices to maintain margins.
Why it matters
This highlights the vulnerability of the global aviation industry to geopolitical instability and rising energy costs.
Qantas plans to phase out the Airbus A380 as it adds new planes to its fleet. Qantas plans to phase out the Airbus A380 as it adds new planes to its fleet. Qantas Qantas may hike fares and expand Jetstar add-on fees as profits dip to four-year low Airline declines to predict impact of new carry-on luggage charge on Jetstar revenue or ticket sales, saying it is offering customers ‘choice’
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Prefer the Guardian on Google Qantas could increase ticket prices and plans to expand add-on fees at its low-budget carrier Jetstar, after the company said fuel costs contributed to its lowest pre-tax profits in four years.
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