Australian carrier Qantas Airways shares surged 4% on Thursday after reporting full-year earnings and unveiling new business-class suites amid growing demand for premium travel. The airline reported underlying profit before tax of A$2.06 billion ($1.48 billion) for the year ended June 30. International premium cabin revenue grew 15% in fiscal 2026, twice the pace of economy revenue. Qantas expects domestic and international unit revenue to rise 8% to 10% in the first half of fiscal 2027, even as fuel costs are expected to increase. Citi maintained its buy rating on Qantas, highlighting Jetstar and its loyalty program, Qantas Loyalty, as standout performers.
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