Qantas shares jump after earnings as airline unveils new business-class seats

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Shares of Australian carrier Qantas Airways

jumped 4% on Thursday after the airline reported full-year earnings and unveiled new business-class suites amid growing demand for premium travel.

Qantas said demand for international travel remained strong, with both Qantas and its low-cost carrier Jetstar increasing capacity and unit revenue, although higher fuel costs weighed on international earnings. International premium cabin revenue grew 15% in fiscal 2026, twice the pace of economy revenue.

The airline unveiled new business-class seats for its Airbus A321XLR fleet, including lie-flat beds and privacy doors. The first of 16 aircraft fitted with the seats is expected to arrive in 2028. Additionally, it introduced updated business-class seats for its new Boeing 787-9 Dreamliners.