Qantas warns of fare rises and 4% domestic flight cuts as fuel prices stay elevated
Qantas has said it will raise fares and cut domestic capacity as it continues to face higher fuel costs linked to the Middle East war. The airline said domestic flights across Qantas and Jetstar will be reduced by a total of 4% in 2027. It also said it expects fuel prices to remain high through the new financial year.In a market update released on Friday morning ahead of its annual general meeting, the carrier said it would continue to adjust fares and capacity in response to higher fuel costs. Qantas said it expects fuel costs of A$3.8 billion for the... [Continue Reading]
360LiveNews | 06 Nov 2026 04:32 LONDON
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Ryanair weighs temporary pay freeze as fuel costs jump after Iran conflict
Ryanair is considering a temporary wage freeze for staff after a sharp rise in fuel costs linked to the US-Israel war with Iran. The airline said the increase has created a significant short-term cost shock and that it expects European airfares to rise as carriers try to recover some of the expense. It said the pressure on fuel prices could continue well into 2027 unless there is a swift resolution to the conflict.The carrier said its fuel bill is forecast to be €2bn higher in the short term, a figure that underlines the scale of the pressure on its operating... [Continue Reading]
360LiveNews | 02 Nov 2026 08:35 LONDON
