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Investing.com-- Shares of Qantas Airways (ASX:QAN) fell to a near six-month low on Friday after the Australian carrier lowered its revenue guidance for the first half of fiscal 2026, citing softer corporate demand and higher fuel costs.
The company said in a market update that Group Domestic unit revenue is now expected to rise about 3%, at the lower end of the range forecast in August, as non-resource corporate demand grew more slowly than expected.
Sydney-listed shares of the company dropped as much as 4.3% to A$9.74, their lowest level since mid-May.
Group International unit revenue guidance was maintained at 2–3% growth, though capacity will be slightly lower due to delayed A380 fleet returns, the company said.
The carrier said the ongoing U.S. government shutdown has had no material impact on demand so far.
Qantas also warned of jet fuel costs of about A$2.62 billion in the first half, with elevated refining margins and additional carbon compliance expenses weighing on profitability.