ASX:QANAirlines
Qantas Profit Warning Links Fuel Shock To Fares Buyback And Valuation
Qantas Airways (ASX:QAN) has issued a profit warning tied to higher jet fuel costs linked to the Middle East conflict.
The airline plans to raise fares, cut some domestic capacity, and shift more flying to routes it views as more resilient.
Qantas has also postponed its planned share buyback, citing the impact of fuel expenses on near term earnings.
Qantas Airways, trading at A$8.98, is in the spotlight as this profit warning lands, with the stock up 5.8% over the past week and 4.3% over...