Qantas Airways Ltd

QAN: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Qantas Earnings: Elevated Fuel Bill Weighs on Profitability

Angus Hewitt

Aug 31, 2026

Qantas' fiscal 2026 underlying pretax profit was AUD 2.1 billion, down 14% on last year despite 7% revenue growth. Fuel costs have surged too quickly for higher ticket prices to meaningfully offset, and Qantas' Brent crude hedges were insufficient amid spiking refining margins.

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Qantas Airways Ltd

Qantas Earnings: Elevated Fuel Bill Weighs on Profitability

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