Qantas profits hit by Iran conflict as Aussie motorists panic buy
Qantas has doubled fares on some international routes as fuel prices surge along with demand.
Qantas hedges most of its oil demand, but not its refined fuel.
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Australian airline Qantas is being hit hard by the conflict in the Middle East, with Citi saying the Qantas profit has taken a hit of as much as A$90m ($108m) in only 10 days, and the 2026 result could fall by up to 4%.
The airline has doubled fares on some key international routes, including to
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