Qantas Airways (ASX:QAN) reported lower underlying profit before tax for fiscal year 2026. It fell to $2.06 billion. Revenue increased 7.1% to $25.5 billion. Qantas announced the results on August 27, 2026, highlighting external pressures on earnings.
Fuel expenses were the primary driver of the profit decline. They rose 14% to $5.72 billion for the year. Qantas attributed a net impact of $420 million to disruptions from the Middle East conflict, mainly through higher fuel prices.
The results have returned to focus as Qantas prepares for its Annual General Meeting on November 6, 2026.