Shares of Qantas jumped 4% after the airline reported its annual earnings and unveiled new business-class seats:
- Qantas reported an underlying profit before tax of A$2.06 billion ($1.48 billion), about 3% ahead of Visible Alpha consensus:
- Premium cabin revenue rose 15% in fiscal 2026:
- Qantas unveiled new business-class seats for its Airbus A321XLR and Boeing 787-9 Dreamliners:
Qantas noted that demand for international travel remains strong, with both Qantas and Jetstar increasing capacity and unit revenue, although higher fuel costs weighed on international earnings:
The new business-class seats, which include lie-flat beds and privacy doors, are expected to be fitted on 16 aircraft arriving in 2028:
The airline expects domestic and international unit revenue to rise 8% to 10% in the first half of fiscal 2027:
