Qantas could see earnings from flying more than halve to $544 million this financial year if the conflict in the Middle East drags on and significantly increases fuel prices, according to the airline’s former chief economist.
Tony Webber, now an aviation industry consultant, said earnings from Qantas’ domestic and international operations and from its Jetstar low-cost subsidiary could slump to $544 million compared with earlier forecasts of $1.193 billion if the war between the United States and Iran continued.
