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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 Airways Limited (QABSY) Q4 2026 Earnings Call Transcript

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 and an Australian pilots' union said on Thursday they had reached a provisional agreement on a wage deal ​after the airline's long-haul pilots this week voted in ‌favour of industrial action, including 24-hour stoppages and delayed sign-ons.