{"id":391309,"date":"2026-04-14T09:41:16","date_gmt":"2026-04-14T09:41:16","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/391309\/"},"modified":"2026-04-14T09:41:16","modified_gmt":"2026-04-14T09:41:16","slug":"australias-qantas-cuts-flights-on-jet-fuel-costs","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/391309\/","title":{"rendered":"Australia\u2019s Qantas cuts flights on jet fuel costs"},"content":{"rendered":"

Australia’s largest carrier Qantas will slash domestic seats as it grapples with significantly higher jet fuel costs due to the US-Iran war.<\/p>\n

The Sydney-based company will reduce domestic capacity by 5pc in April-June due to economic uncertainty and elevated refuelling costs, which it said meant it will now spend A$3.1bn-3.3bn ($2.2bn-2.34bn) for jet fuel in January-June, the second half of its fiscal year, up from a February forecast of A$2.5bn<\/a>.<\/p>\n

The rise of A$600mn-A$800mn is due to refining margins increasing from $20\/bl in February to about $120\/bl, which it cannot hedge against. Jet fuel prices have more than doubled and remain highly volatile, the firm said.<\/p>\n

This follows cuts to services on Qantas’ low-cost subsidiary Jetstar between Australia and New Zealand and state-controlled carrier Air New Zealand’s reduction of some services<\/a> last month. <\/p>\n

Qantas’ jet fuel consumption for July-December was about 88,000 b\/d, up from 85,000 b\/d a year earlier<\/a>.<\/p>\n

The airliner’s fuel expense for July-December 2025 was A$2.61bn, slightly above its A$2.6bn guidance, but less than capacity additions, it said.<\/p>\n

Argus’ jet-kerosine fob Singapore assessment was $214.45\/bl on 13 April, up from $85.65\/bl on 16 February.<\/p>\n

By Tom Major<\/p>\n

Jet fuel price A$\/litre<\/p>\n

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