Virgin Australia Cuts Flights, Blames Fuel Costs

0:00Virgin Australia is trimming its domestic flights by 1% through June 30th, blaming skyrocketing fuel costs tied to the Iran War. Jet fuel prices have more than doubled since the end of February 2026, jacking up expenses by 30-40 million dollars in the. Second half of this financial year, especially hitting the June quarter hard. The airline is ramping a fuel hedging right away to steady the volatility, while keeping options open for fair hikes and more capacity tweaks down. This comes right after rival Qantas warned of up to 800 million dollars in extra fuel hits and slashed its own domestic schedules. Overall, Virgin still plans 1% more domestic capacity across the full second half, showing they're adapting without a full retreat. That's your update from Sydney News Today, powered by AI.