{
  "id": 3676998,
  "title": "Qantas upbeat on revenue, brings forward A380 exit as profit falls",
  "url": "https://urgent.news/2026/08/27/qantas-upbeat-on-revenue-brings-forward-a380-exit-as-profit-falls",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-27T05:29:53.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/08/1519806/qantas-upbeat-revenue-brings-forward-a380-exit-profit-falls"
  },
  "original_language": "en",
  "account": "Australia's Qantas Airways reported a 14% decrease in annual underlying profit due to soaring fuel prices, despite an upbeat revenue outlook. The flag carrier is planning to retire its Airbus A380 superjumbos by 2028, four years ahead of schedule, as the maintenance and disruption costs of these aircraft are expected to rise. CEO Vanessa Hudson discussed the retirement of the A380s in a separate context from the carrier's long-range A350-1000s flights project, called Project Sunrise, which is set to commence in the coming year. Despite the rise in fuel costs, the airline maintained robust travel demand throughout the year. However, the second half of the year saw a significant increase in fuel costs, leading to a loss of AUS$420 million. Qantas is in negotiations with Airbus and Boeing to convert 20 options into firm orders for A350s and 787s from 2030. Revenue growth is expected to be between 8% and 10% in the first half of the year, driven by increased fares, baggage and other fees, charter revenue, and higher seat fill rates. The airline has also seen a rebound in demand for flights between Australia and the US.",
  "summary": "HONG KONG: Australia’s Qantas Airways gave an upbeat revenue outlook on Thursday and said it would begin retiring its Airbus A380 superjumbos in 2028 after posting a 14 per cent fall in annual underlying profit as fuel prices spiked.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Qantas FY26 slides: profit falls on fuel spike, fleet renewal accelerates",
        "url": "https://urgent.news/2026/08/27/qantas-fy26-slides-profit-falls-on-fuel-spike-fleet-renewal",
        "published": "2026-08-27T02:35:26.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}