Qantas FY 2026 Results Overview
Qantas Airways Ltd (ASX:QAN) announced its full‑year 2026 underlying pretax profit of A$2.06 billion, which was in line with the Bloomberg consensus estimate but represented a decline from A$2.39 billion recorded in the prior fiscal year.
The profit figure incorporated a net A$420 million adverse impact attributed to the Middle East conflict, primarily driven by higher fuel expenses. Fuel costs rose by A$610 million despite the airline’s hedging programme, which the company said materially reduced the potential drag on underlying profit.
Travel demand remained resilient, enabling a 3 % increase in capacity over the year. The airline’s loyalty division, Qantas Loyalty, delivered double‑digit earnings growth, contributing to the overall performance.
During the year Qantas added 17 new aircraft to its fleet. It plans to receive up to 31 new aircraft in the coming year, including 24 for its main operations and its first Project Sunrise‑configured Airbus A350‑1000 Ultra‑Long‑Range (ULR) aircraft. The carrier also confirmed that it will commence the retirement of its Airbus A380 super‑jumbo fleet in 2028; it had ten A380s on its books as of 30 June 2026.
The board approved a final dividend of 19.8 Australian cents per share, bringing the total dividend for the fiscal year to 39.6 cents per share. Following the announcement, Qantas shares rose 2.8 % to A$9.48 by 01:26 GMT.