Qantas warns of fuel blowout

The Australian flag carrier revealed that its near-term fuel bill will be significantly higher than previously anticipated, impacting its profitability for 2026.

Qantas has already canceled certain regional routes, including flights between Adelaide and Mount Gambier, citing both fuel shortages and declining demand.

The airline's struggles reflect a broader trend across the Asia-Pacific region, where carriers are grappling with supply disruptions following the U.S. blockade of the Strait of Hormuz.

Executives warned that higher jet fuel prices are likely 'here to stay' as the war continues.