Higher fares, fewer flights: Qantas goes into damage control

Qantas is facing significant financial challenges due to escalating fuel costs linked to the US-Iran conflict, projected to impact its first-half profit by up to $500 million. The airline has raised fares and reduced flight capacity to mitigate losses, with business class prices soaring to nearly $20,000 one way. The long-term impact remains uncertain amid ongoing geopolitical tensions.

Summary by Glance · SMH