Qantas profit tumbles as fuel costs soar

Qantas profits have taken a hit as rising fuel costs outpaced the benefit of sustained demand for international travel.

The airline posted a 13.8 per cent fall in underlying pre-tax profit of $330 million in the year ended June 2026. Underlying pre-tax profit is $2.06 billion, down from $2.39 billion in 2025. The company said its fuel bill jumped by over $600 million.