The industrials sector advanced almost 1% at midday Thursday after Qantas Airways (ASX:QAN) soared almost 9% in recent trading.

Qantas reported fiscal 2025 underlying earnings of AU$1.10 per share, up from AU$0.88 a year earlier. Revenue for the 12 months ended June 30 was AU$23.82 billion, compared with AU$21.94 billion a year earlier.

The energy sector shed almost 2% after Brent crude futures fell 0.5% to $67.74 per barrel and West Texas Intermediate crude futures inched down 0.56% per barrel. This came as the end of the US "summer driving season" and the onset of lower US demand approaches, as well as after the imposition of tariffs on India by the US for Russian oil imports.

Paladin Energy (ASX:PDN) reported that it swung to a loss of $0.1268 in the fiscal 2025 from a profit of $0.179 a year earlier. Revenue for the 12 months ended June 30 was $177.7 million.