finance
Qantas Reduces Domestic Capacity by 5 Points in 4Q26, Shifts Focus to Europe Amid Rising Jet Fuel Costs
Qantas will reduce domestic flights and shift capacity from the United States to Europe due to jet fuel prices more than doubling amid the Iran War. The airline expects its fuel bill to reach between $3.1 billion and $3.3 billion. Qantas confirmed a $300 million interim dividend payment on April 15.
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# Qantas Adjusts Capacity Amid Fuel Cost Surge Qantas will cut domestic flights and redeploy capacity from the United States towards Europe. Jet fuel prices have more than doubled and remain highly volatile amid the Iran War. Qantas has reduced domestic capacity in 4Q26 by around 5 percentage points.
Qantas will add more options to Paris and Rome in response to strong demand for European flights. Jet fuel prices have jumped from about US$20 per barrel in February to as high as US$120 per barrel. Qantas has fixed price contracts in place for about 90 percent of its crude oil.
3 billion. Air New Zealand, Air India, and Delta Airlines have cut back on capacity amid surging jet fuel costs.
Qantas is Australia's biggest airline founded in 1920.
Qantas operates two brands: Qantas and low cost airline Jetstar. Qantas is listed on the Australian Stock Exchange (ASX). Qantas flies across Australia, North America, Asia, Europe, Africa and to and from South America.
Qantas remains in a strong financial position and is progressing its 2027 financial year funding plans while tightening capital spending. 1 billion.
Qantas confirmed a $300 million interim dividend will be paid to shareholders on April 15.
Qantas's planned $150 million share buyback has not begun due to ongoing volatility. ZeroHedge reported on these adjustments and financial details based on Qantas statements.
