Qantas Earnings Jump As Flight Demand Stays Strong

Good morning everyone, it’s Ben here in a soggy Melbourne, here’s what’s making news today.

Today’s must-reads:
• Qantas earnings jump
• Australian companies hammered after earnings misses
• Nvidia’s revenue forecast fuels AI slowdown fears

Qantas reported a 15% jump in full-year earnings and ordered more Airbus SE jets as demand for flights shows little sign of faltering. Underlying pretax profit in the 12 months ended June climbed to A$2.39 billion ($1.6 billion), Qantas said Thursday. The airline ordered 20 additional A321XLR aircraft.