The Qantas Airways Ltd (ASX: QAN) share price has gone through a hefty bit of turbulence, as the below chart shows. The airline has suffered a decline of 24% from its peak in August 2025.

The business has faced headwinds from a higher oil/fuel price amid the events happening in the Middle East.

But, I’m not afraid to invest when there is uncertainty.

I think it’s important to take into account how the business performed in the recent result and keep in mind it’s not certain the oil price will be impacted for the longer-term. If there is to be a negative hit to Qantas earnings, the share price may already reflect that.

So, I’m going to focus on the operational performance of Qantas and analyst views on the financials when the Qantas…