Higher fares, fewer flights: Qantas goes into damage control

Qantas reported significant financial strain on April 14, 2026, due to soaring fuel costs related to the US-Iran conflict. The airline faces a potential first-half profit hit of up to $500 million, prompting fare increases and capacity cuts on many routes. Analysts remain cautious about the future as the conflict's duration remains uncertain.

Summary by Glance · The Age