Qantas warns of $800m blowout in fuel costs driven by Iran war

Qantas announced an $800 million increase in fuel costs due to the US-Israel war with Iran on February 28. The airline's second half fuel bill is now expected to reach approximately $3.3 billion, impacting profit projections with a potential $500 million hit. Rising costs have also led to reduced domestic demand and significant adjustments in flight operations.

Summary by Glance · SMH