Virgin Australia flags higher fuel costs, adjusts airfares on Mideast war impact

April 15 (Reuters) – Virgin Australia on Wednesday forecast higher fuel costs and said it has adjusted airfares and capacity for the second half, citing recent price volatility linked to the conflict in the Middle East.

The airline expects ​fuel costs, a major expense, to rise by about A$30 million to ‌A$40 million ($21.38 million to $28.51 million) in the second half of fiscal 2026.

The revised forecast comes a day after the country’s flag carrier Qantas Airways sharply raised its fuel cost outlook, citing higher and volatile jet fuel prices.

Here are some details:

($1 = 1.4031 Australian dollars)

(Reporting by Sherin Sunny in Bengaluru; Editing by Vijay ​Kishore and Sherry Jacob-Phillips)