CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please refer to our Risk Disclosure Statement
Open platformOpen platform

Jefferies cuts Qantas' earnings forecast on fuel headwinds

By Reuters News

** Jefferies cuts Qantas Airways' QAN.AX fiscal 2027 earnings estimates by 9.2%, citing higher fuel cost assumptions as refinery margins and Brent crude remain elevated

** Broker expects airline's FY27 fuel costs of A$3.72 billion versus Qantas' August guidance of A$3.6 billion, though fare increases of 3% to 6% and domestic capacity cuts are expected to partly offset the pressure

** Maintains its 'buy' rating but trims price target to A$12.20 from A$12.30

** Jefferies adds Qantas' balance sheet remains strong enough to support dividend payments despite near-term earnings headwinds, and sees scope for a significant re-rating if tensions in the Middle East ease and fuel prices retreat

** Stock down about 15% YTD

Capital Com is an execution-only service provider. The present material must be regarded as marketing communication and should not be interpreted as investment research or investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page, then you do so entirely at your own risk