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Some ground crew at Australia's largest airline, Qantas Airways , on Monday voted overwhelmingly in favour of strike action over pay and job conditions.

Qantas reported A$2.06 billion in underlying profit before tax, about 3% ahead of Visible Alpha consensus, according to Citi. Premium cabin revenue rose 15% in fiscal 2026, twice the pace of economy revenue.

Qantas Airways has seen a rebound in demand ​for flights between Australia and ‌the U.S. in both directions and has enough capacity available ​to absorb the demand, ​a senior executive said on Thursday.

Australia's largest airline warned that the financial hit of elevated fuel prices will extend into its current fiscal year.

Australia's Qantas Airways reported a 13.8% drop in its full-year pre-tax underlying profit on Thursday, ​hurt by surging jet fuel prices due to the Middle ‌East conflict, and said it planned to start retiring A380 superjumbos from its fleet in 2028.

Qantas Airways ​will ‌sell its ​33.32% ​stake in Jetstar ⁠Japan ​through ​a share buyback ​transaction ​valued at 8.2 ‌billion ⁠yen ($52.11 million), the ​Australian ​airline ⁠said ​on ​Tuesday.