Qantas cuts flights, raises fares

Qantas Airways has announced significant cuts to its domestic flight schedule and a rise in ticket prices due to soaring jet fuel costs.

The airline cited the ongoing conflict in the Middle East as the primary driver for a projected $800 million blowout in fuel expenses.

Domestic capacity will be reduced by up to 10% on some routes as the carrier attempts to mitigate the impact on its profitability.

The move has drawn criticism from regional leaders who fear the impact on local connectivity and tourism.