Qantas Raises Fuel Cost Forecast
Qantas Airways raised its first-half fuel cost forecast by four percent to 3.75 billion Australian dollars. The airline cited ongoing oil market disruptions while noting that travel demand remains resilient.
Insights:
Australia's Qantas Airways raised its first-half fuel cost forecast by 4% on Friday morning, citing ongoing disruption from the conflict in Iran. The carrier expects a fuel bill of A$3.75 billion ($2.61 billion) for the six months ending December 31.
