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

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Qantas reported its lowest pre-tax profits in four years at $2.06 billion, citing increased jet fuel costs of $610 million driven by the US conflict with Iran. The Australian airline also plans to retire its Airbus A380 fleet as it prepares to modernize its aircraft lineup.

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...