Brief: Qantas Says Fuel Costs In 1H27 Expected To Be About A$3.6 Billion

Qantas Airways

27/08/2026 01:37

Aug 27 (Reuters) - Qantas Airways Limited QAN.AX:
THE GROUP ENDED THE FINANCIAL YEAR WITH A$13.3 BILLION OF LIQUIDITY
JET FUEL PRICES ARE EXPECTED TO REMAIN ELEVATED THROUGH THE FIRST HALF OF FY27
NET DEBT INCREASED TO A$6.2 BILLION AS AT THE END OF JUNE 2026
FUEL COSTS IN THE FIRST HALF OF FY27 ARE EXPECTED TO BE APPROXIMATELY A$3.6 BILLION
WITH COST PRESSURES SET TO CONTINUE, TRANSFORMATION TO HELP MANAGE INCREASES
GROUP DOMESTIC TOTAL UNIT REVENUE EXPECTED TO INCREASE BY 8 TO 10 PER CENT IN THE FIRST HALF OF FY27
QANTAS LOYALTY UNDERLYING EBIT FORECAST TO GROW BY 5 TO 7 PER  CENT IN FY27
ENTRY INTO SERVICE COSTS FOR NEW AIRCRAFT ARE EXPECTED TO BE APPROXIMATELY A$165 MILLION IN FY27
CAPITAL EXPENDITURE FOR FY27 IS EXPECTED TO BE BETWEEN A$4.3 BILLION AND A$4.6 BILLION
GROUP INTERNATIONAL TRASK EXPECTED TO INCREASE  BY 8 TO 10 PER CENT OVER 1HFY27
THIS YEAR WE'LL BEGIN DIRECT FLIGHTS FROM SYDNEY TO LAS VEGAS
SEES 1H27 GROUP DOMESTIC CAPACITY DOWN 3%
IN ADDITION TO 12 PROJECT SUNRISE AIRCRAFT, GROUP HAS FIRM ORDERS  FOR 12 A350S AND 12 787S FOR GROUP INTERNATIONAL AND FREIGHT
SEES 1H27 GROUP INTERNATIONAL CAPACITY +2%
ALSO IN DISCUSSIONS WITH AIRBUS AND BOEING REGARDING CONVERTING AROUND 20 OF ITS EXISTING PURCHASE RIGHT OPTIONS  TO FIRM ORDERS FROM 2030
INTERNATIONAL DEMAND ACROSS QANTAS AND  JETSTAR REMAINS STRONG
DOMESTIC DEMAND IS TRACKING BROADLY IN LINE WITH THE FOURTH QUARTER OF FY26
AGREED REVISED COMMERCIAL TERMS AND EXTENDED AGREEMENTS WITH ITS LARGEST CREDIT CARD PARTNERS ACROSS BANKING AND FINANCIAL SERVICES
Further company coverage: QAN.AX

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