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Qantas Airways Limited (ASX:QAN)

ALERT: Price-sensitive ASX Announcement for QAN
Current share price for QAN : $8.790 -0.22 (-2.44%)+
Announcement
Release
14 Apr 2026 9:00AM
Price at Release
$9.010
Full Release
download
Summary
In its market update for April 2026, Qantas Airways Limited announced adjustments due to escalating conflicts in the Middle East and the resulting volatility in jet fuel prices, which have more than doubled, affecting their financial outlook for FY26. Despite hedging 90% of its fuel exposure, Qantas is experiencing significant increases in fuel costs, estimated at $3.1 to $3.3 billion for the second half of FY26. The airline has taken steps to mitigate impacts through network changes, capacity adjustments, and fare increases. Qantas has redeployed capacity to Europe, enhancing routes to Paris and Rome, while reducing domestic capacity by approximately 5% for the fourth quarter of FY26. The company expects its international unit revenue growth to double compared to previous guidance, with domestic revenue expected to grow by 5% to 6% in the same period. Although the planned $150 million buyback is on hold due to market uncertainties, Qantas maintains a strong financial position with FY26 capital expenditure projected at or below $4.1 billion. An interim dividend of $300 million was scheduled for payment on 15 April 2026.
Key Points
  • Jet fuel prices have more than doubled due to Middle East conflicts.
  • Qantas has hedged 90% of its fuel exposure but faces $3.1 to $3.3 billion in fuel costs for 2H26.
  • Capacity adjustments and fare increases have been implemented.
  • Qantas has increased flights to Paris and Rome, while reducing domestic capacity by 5%.
  • International unit revenue growth expected to double previous guidance.
  • Domestic unit revenue growth expected at 5% to 6% for 4Q26.
  • FY26 capital expenditure projected at or below $4.1 billion.
  • Interim dividend of $300 million scheduled for 15 April 2026.
  • Planned $150 million buyback put on hold.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.