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Qantas reports A$2.06B profit, unveils new business-class seats amid rising premium travel demand

Company Fundamentals
27 Aug 2026
CNBC
View Source
Bullish
pluang ai news

Qantas Airways reported an underlying profit before tax of A$2.06 billion for the fiscal year ending June 30, beating expectations by about 3%. The airline saw a 15% rise in international premium cabin revenue, double the growth rate of economy class, driven by strong demand for premium travel. Qantas introduced new business-class seats with lie-flat beds and privacy doors for its Airbus A321XLR fleet, and updated seats for its Boeing 787-9 Dreamliners, with the first upgraded aircraft expected in 2028. Despite higher fuel costs, Qantas expects domestic and international unit revenue to increase by 8% to 10% in the first half of fiscal 2027, supported by strong performance from its low-cost carrier Jetstar and loyalty program.

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