Sydney, April 14, 2026 (AFP) - Australia's Qantas warns of big bill from higher jet fuel prices

NAMPA / AFP

2026-04-14

Surging jet fuel prices may raise costs for Australia's Qantas by up to Aus$800 million (US$570 million) in the second half of this year, the airline said Tuesday. War in the Middle East has led jet fuel prices to more than double, and they remain "extremely volatile", the carrier said in a market update. The cost of jet fuel in the second half of 2026 is now expected to be Aus$3.1 billion to Aus$3.3 billion, it said -- up from Aus$2.5 billion in......

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