Qantas profits dip to lowest in four years as jet fuel costs climb after Iran conflict

Airline declines to predict impact of new carry-on luggage charge on Jetstar revenue or ticket sales, saying it is offering customers ‘choice’ Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast Qantas has recorded its lowest pre-tax profits in four years, at $2.06bn, after the US war on Iran pushed up its fuel costs by $610m. Australia’s national airline also announced it would phase out its Airbus A380 models as it prepares to add new planes to its fleet, handing down annual results on Thursday. Continue reading...