Key Highlights

  • Qantas expects 1H27 fuel costs of about A$3.75 billion and is roughly 85% hedged for FY27.
  • Briscoe Group reported third-quarter sales of NZ$174.4 million, up 1.98%, and anticipates full-year net profit after tax of up to NZ$55 million.
  • Tourism Holdings said Due Diligence with the BGH Consortium and Indie Campers has largely concluded and revised non-binding proposals have been received.
  • All three companies pointed to conditions that remain subject to fuel prices, consumer spending or board processes.

Three consumer-facing companies issued updates on 6 November 2026. Qantas Group (ASX:QAN) addressed fuel and demand, Briscoe Group (ASX:BGP) reported third-quarter sales, and Tourism Holdings (ASX:THL) commented on two non-binding indicative offers.

Qantas Flags Fuel Costs and Revenue Guidance

Qantas said trading conditions remain in line with the outlook given at its FY26 results in August, despite elevated fuel prices. Fuel costs for the first half of FY27 are now expected at about A$3.75 billion, based on forecast consumption of roughly 16.2 million barrels and market jet fuel prices near A$223 per barrel before hedging and other costs. The group is approximately 85% hedged for FY27, mainly in Brent crude.

Total unit revenue for both Group Domestic and Group International is expected to grow 8% to 10% in 1H27, unchanged from earlier guidance. Capacity for Group Domestic is forecast 3% lower in 1H27, while Group International capacity is forecast 2% higher. The company said it will keep adjusting fares and capacity in response to fuel costs, and net Capital Expenditure is now expected at the lower end of the A$4.3 billion to A$4.6 billion range. Qantas Loyalty remains on track for underlying EBIT growth of 5% to 7% in FY27.

Management described Demand as resilient, with international travel supported by customers redirecting trips away from the Middle East, domestic leisure demand holding up, and non-resources corporate and government travel stable but closely monitored. Guidance on second-half TRASK will come with 1H27 results in February 2027.

Briscoe Group Records a Fourth Quarter of Growth

Briscoe Group reported third-quarter sales of NZ$174.4 million, up 1.98% from NZ$171.0 million. Year-to-date sales for 39 weeks reached NZ$548.6 million, up 1.17%. Sporting goods sales rose 3.99% in the quarter and homeware sales rose 0.82%, a turnaround from a 2.17% decline in the second quarter. Online sales grew 5.77%, or NZ$1.8 million, lifting the online share of sales to 19.17% from 18.48%.

Management said the Gross Profit percentage continued to stabilise and described the retail backdrop as promotional, citing elevated fuel prices, subdued discretionary spending, pressure on the New Zealand dollar and uncertainty around the general election. Costs linked to the new North Island distribution centre and an SAP S/4HANA upgrade are weighing on current-year earnings, with the benefits expected to become more evident in the 2027/28 financial year. Based on trading to date, the group anticipates full-year net profit after tax of up to NZ$55 million, depending on the fourth quarter. Store developments included the relocation of Rebel Sport Riccarton to Tower Junction and the opening of Chemist Warehouse within the Briscoes Homeware footprint at Panmure.

Tourism Holdings Updates on Offers

Chair Cathy Quinn told the annual meeting that due diligence with the BGH Consortium and Indie Campers has largely concluded and that revised non-binding proposals have been received from both parties. The board is reviewing the proposals and engaging with each bidder. Pricing discussions remain confidential, and the board does not consider it in shareholders' interests to disclose terms while a competitive process is under way.

Both proposals are non-binding and conditional, and there is no certainty either will lead to a transaction. Shareholders do not need to take action, and the company will continue to update the market in line with its disclosure obligations. thl describes itself as the largest commercial RV rental operator in the world.

Looking Across the Three Updates

The updates show different pressures on consumer-facing businesses. For Qantas, fuel is the main cost variable and is partly offset by hedging and fare adjustments. For Briscoe, Margin management and Investment costs sit alongside modest sales growth. For thl, the focus is on a bidding process whose terms have not been disclosed.