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Qantas reported A$2.06 billion in underlying profit before tax, about 3% ahead of Visible Alpha consensus, according to Citi. Premium cabin revenue rose 15% in fiscal 2026, twice the pace of economy revenue.
Qantas Airways has seen a rebound in demand for flights between Australia and the U.S. in both directions and has enough capacity available to absorb the demand, a senior executive said on Thursday.
Australia's largest airline warned that the financial hit of elevated fuel prices will extend into its current fiscal year.
Australia's Qantas Airways reported a 13.8% drop in its full-year pre-tax underlying profit on Thursday, hurt by surging jet fuel prices due to the Middle East conflict, and said it planned to start retiring A380 superjumbos from its fleet in 2028.
Qantas and an Australian pilots' union said on Thursday they had reached a provisional agreement on a wage deal after the airline's long-haul pilots this week voted in favour of industrial action, including 24-hour stoppages and delayed sign-ons.
Qantas Airways is betting that science can make the world's longest flights feel less punishing - unveiling plans for a "wellness zone," extra legroom, specially timed meals and animated lighting on its non-stop Sydney-London services due to launch next October.
Qantas Airways is set on Wednesday to unveil the first destination for the world's longest non-stop flights from eastern Australia to London or New York, tackling one of the few unbroken barriers of air travel after years of delays.
Qantas is in talks with planemakers over a possible deal to purchase around 20 Airbus or Boeing wide-body jets, industry sources said.
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