Middle East Conflict Cuts Qantas Profit as Fleet Renewal Accelerates
August 28, 2026
Qantas reported a 19% decline in pre-tax profit to A$1.83 billion for FY2026, with the Middle East conflict imposing an estimated net impact of A$420 million through higher fuel costs and network disruption. Revenue nevertheless rose 7% to A$25.5 billion amid resilient passenger demand. The airline is considering approximately 20 additional A350-1000 and Boeing 787 options as it prepares to progressively retire its A380 fleet from mid-2028 and replace ageing A330s.
Korean Air to Launch New Melbourne and Hiroshima Routes
August 27, 2026
Korean Air will launch three weekly seasonal Seoul Incheon–Melbourne services using Boeing 787-9s from 18 December 2026 to 14 March 2027, becoming the route’s only nonstop operator. It will also commence daily year-round flights to Hiroshima using A321neos from 23 December 2026, competing with Jeju Air.
Emirates to Restore Full Capacity by November 2026
August 27, 2026
Emirates expects to operate 1.4 million weekly departing seats in November 2026, exceeding November 2025 capacity by 0.6% as it recovers from Iran-war disruptions. The airline has withdrawn from six regional destinations but increased services to Africa, Asia and Europe.