economy
Qantas shares jump after earnings as airline unveils new business-class seats
Qantas shares jumped 4% after the airline reported full-year earnings and introduced new business-class seats amid strong demand for premium travel.
TL;DR
- Qantas shares rose 4% after reporting full-year earnings.
- The airline unveiled new business-class seats for its Airbus A321XLR and Boeing 787-9 Dreamliner fleets.
- Demand for international premium travel remains strong, with revenue growing 15% in fiscal 2026.
- Full-year underlying profit before tax was A$2.06 billion ($1.48 billion).
- Qantas expects domestic and international unit revenue to rise 8%-10% in the first half of fiscal 2027.
- Citi maintained a 'buy' rating on Qantas, highlighting Jetstar and Qantas Loyalty as strong performers.