0330 GMT - Qantas's bull at RBC reckons that the modest share-price fall that greeted the carrier's fuel-price warning suggests investors had already priced in bad news. Analyst Owen Birrell estimates the Australian airline's efforts to mitigate A$700 million of additional second-half fuel costs should limit the earnings hit to between A$450 million and A$500 million. He reckons this implies an 18% hit to annual pretax profit forecasts. The 1% drop in the stock's price that followed the announcement therefore is seen by Birrell that the market already anticipated higher fuel costs. He tells clients in a note that there is some risk to fiscal 2027 earnings. Shares are at A$8.93. RBC has an outperform rating and A$11.25 target price on Qantas. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

April 13, 2026 23:30 ET (03:30 GMT)

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