Fuel Price Rise to Put A$174 Million Dent in Qantas Pretax Profit -- Market Talk

Dow Jones

Mar 19

2249 GMT - The net impact of higher fuel prices on Qantas Airways's FY 2026 pretax earnings is some A$174 million, Macquarie estimates. Elevated crack spreads since the Iran conflict began are putting a dent in earnings from forward sold air tickets. Macquarie says it's too early to assess the impact on FY 2027 profit. Still, it's likely that higher oil prices and crack spreads continue into 1H. Qantas could raise ticket prices to offset higher fuel costs. "We anticipate Qantas will reduce costs with some flight consolidation, particularly for the U.S. where A380s are flying with lower load factors," Macquarie says. Its price target falls 3.3% to A$11.60/share. Qantas ended Wednesday at A$8.73. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

March 18, 2026 18:49 ET (22:49 GMT)

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Elevated crack spreads since the Iran conflict began are putting a dent in earnings from forward sold air tickets. Macquarie says it's too early to assess the impact on FY 2027 profit. Still, it's likely that higher oil prices and crack spreads continue into 1H. Qantas could raise ticket prices to offset higher fuel costs. \"We anticipate Qantas will reduce costs with some flight consolidation, particularly for the U.S. where A380s are flying with lower load factors,\" Macquarie says. Its price target falls 3.3% to A$11.60/share. Qantas ended Wednesday at A$8.73. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 18, 2026 18:49 ET (22:49 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fuel Price Rise to Put A$174 Million Dent in Qantas Pretax Profit -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFuel Price Rise to Put A$174 Million Dent in Qantas Pretax Profit -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-03-19 06:49</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2249 GMT - The net impact of higher fuel prices on <a href=\"https://laohu8.com/S/QABSY\">Qantas Airways</a>'s FY 2026 pretax earnings is some A$174 million, <a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a> estimates. Elevated crack spreads since the Iran conflict began are putting a dent in earnings from forward sold air tickets. Macquarie says it's too early to assess the impact on FY 2027 profit. Still, it's likely that higher oil prices and crack spreads continue into 1H. Qantas could raise ticket prices to offset higher fuel costs. \"We anticipate Qantas will reduce costs with some flight consolidation, particularly for the U.S. where A380s are flying with lower load factors,\" Macquarie says. Its price target falls 3.3% to A$11.60/share. Qantas ended Wednesday at A$8.73. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 18, 2026 18:49 ET (22:49 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7030","symbol_name":"航空公司","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2620295659","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2620295659","pubTimestamp":1773874140,"columns":[{"name":"Data Report","id":30,"label_key":"dataReport"}],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2249 GMT - The net impact of higher fuel prices on Qantas Airways's FY 2026 pretax earnings is some A$174 million, Macquarie estimates. Elevated crack spreads since the Iran conflict began are putting a dent in earnings from forward sold air tickets. Macquarie says it's too early to assess the impact on FY 2027 profit. Still, it's likely that higher oil prices and crack spreads continue into 1H. Qantas could raise ticket prices to offset higher fuel costs. \"We anticipate Qantas will reduce costs with some flight consolidation, particularly for the U.S. where A380s are flying with lower load factors,\" Macquarie says. Its price target falls 3.3% to A$11.60/share. Qantas ended Wednesday at A$8.73. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7030":"航空公司","QAN.AU":"QANTAS AIRWAYS LIMITED"},"translate_title":"燃油价格上涨将使澳航税前利润减少1.74亿美元——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"QAN.AU":0.9},"content_text":"2249 GMT - The net impact of higher fuel prices on Qantas Airways's FY 2026 pretax earnings is some A$174 million, Macquarie estimates. Elevated crack spreads since the Iran conflict began are putting a dent in earnings from forward sold air tickets. Macquarie says it's too early to assess the impact on FY 2027 profit. Still, it's likely that higher oil prices and crack spreads continue into 1H. Qantas could raise ticket prices to offset higher fuel costs. \"We anticipate Qantas will reduce costs with some flight consolidation, particularly for the U.S. where A380s are flying with lower load factors,\" Macquarie says. Its price target falls 3.3% to A$11.60/share. Qantas ended Wednesday at A$8.73. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 18, 2026 18:49 ET (22:49 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}