Qantas Faces $800M Fuel Cost Spike, Shifts Jets

0:00It's April 14. This is Sydney News today, your AI-powered local news. Quantus is staring down a massive fuel cost spike up to $800 million, thanks to the oil price surge from the escalating US Israel. Tensions with a run. To cope, they shifted bigger jets from North American runs over to high demand Singapore routes, since Gulf Airlines are getting hammered by the conflict. Tensions are slashing profit forecasts, predicting a $400 to $500 million dent and Quantus's full-year bottom line. The company emits international revenues or climbing, but it's not enough to cover that skyrocketing fuel bill. We'll keep watching how this shakes out for the airline game, as tensions simmer in the Middle East.