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Qantas Airways Limited ( (AU:QAN) ) has issued an update.
Qantas Airways has issued a market update outlining the impact of the Middle East conflict on its FY26 outlook, highlighting a sharp increase in jet fuel costs as refining margins have surged and pushed expected second-half fuel expenses to between $3.1 billion and $3.3 billion. Although 90 per cent of crude exposure is hedged, the airline remains exposed to refining margin volatility and is working with government and suppliers to safeguard fuel availability while actively monitoring global supply chain risks.
To mitigate higher fuel costs and shifting demand, Qantas has adjusted its international network, reduced fourth-quarter domestic capacity by about 5 percentage points, and redeployed aircraft from U.S. and domestic routes to boost flights to Paris and Rome as European demand strengthens. The group now expects stronger unit revenue growth across both international and domestic businesses, is trimming FY26 capital expenditure to the bottom of its guided range, has delayed a planned share buyback amid uncertainty, and anticipates net debt will sit around the middle of its target range, underscoring a cautious but resilient financial stance for stakeholders.
The most recent analyst rating on (AU:QAN) stock is a Buy with a A$12.80 price target. To see the full list of analyst forecasts on Qantas Airways Limited stock, see the AU:QAN Stock Forecast page.
More about Qantas Airways Limited
Qantas Airways Limited is Australia’s flagship airline group, operating domestic and international passenger services primarily through Qantas and low-cost carrier Jetstar. The company focuses on routes across Australia, Asia, the U.S. and Europe, and plays a central role in Australia’s aviation market and international connectivity.
YTD Price Performance: -9.35%
Average Trading Volume: 7,961,079
Technical Sentiment Signal: Buy
Current Market Cap: A$13.82B
Learn more about QAN stock on TipRanks’ Stock Analysis page.