Qantas says it will keep cutting capacity and increasing airfares to offset billions of dollars in extra fuel costs, but has told investors that demand for both international and domestic travel remains strong.
After previously forecasting fuel costs to swell to $3.6 billion in the first half of the financial year, Qantas on Friday said it now expected this to be $3.75 billion . Fuel costs were just $2.6 billion in the first half last year, before the Trump administration struck targets in Iran, halting the flow of oil.
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