Qantas struggles with fuel costs

Qantas is taking aggressive damage control measures as the Middle East conflict continues to disrupt global energy supplies and drive up aviation costs.

The airline has delayed a planned share buyback and cancelled several regional routes, including flights between Adelaide and Mount Gambier, citing declining demand and surging expenses.

CEO Vanessa Hudson stated that the carrier is pulling every operational lever to blunt the impact on its annual profits.

The move reflects a broader trend in the Asia-Pacific aviation sector, where carriers are struggling to maintain profitability amid extreme fuel price volatility.